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Senegal Returning to Regional Market With $245 Million Bond Offering

President of Senegal Bassirou Diomaye Faye. Photo by Stephane Lemouton/Pool/ABACAPRESS.COM Credit: Abaca Press/Alamy Live News

Brandon Orion Mensah

Brandon Mensah tracks Africa’s markets, uncovering the forces shaping investment, policy, and financial trends.
  • IMF support suspended after $7bn in hidden debt revealed
  • Dakar now relies more on local markets as yields edge higher

Senegal is returning to West Africa’s regional debt market with a CFA150 billion ($245 million) bond sale, hoping to secure budget financing after revelations of $7 billion in hidden liabilities and the suspension of its IMF programme rattled investors.

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