Senegal Eyes Diaspora Bond to Tap $2.5 Billion in Remittances

• Authorities seek to tap remittance inflows to diversify funding sources
• Diaspora Bond to offer 5% interest rate, lower than previous Eurobond issuance

Senegal is preparing to issue a “Diaspora Bond” aimed at its nationals living abroad to diversify the country’s financing sources, officials said on Tuesday.