We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Senegal May Choose to Reprofile Debt than Restructure, Says Citigroup
July 10, 2026
– Amruth S
Senegal’s political rupture between the President and former Prime Minister is said to increase the likelihood of a debt reprofiling rather than a full restructuring, according to a note from Citigroup. In May, President Diomaye Faye dismissed former Prime Minister Ousmane Sonko, amid deep divisions over how to handle the nation’s fiscal crisis. While Faye remains open to options, Sonko who now has considerable influence as speaker of the National Assembly opposes a restructuring. As per Citigroup, a reprofiling could lead to an extension or deferral of debt payments without changing the principal. They believe this could serve as a politically acceptable compromise for both factions and the IMF. While Citigroup rules out an imminent default, analysts warn that a simple reprofiling without deep structural reforms may only delay the inevitable.
Senegal’s 6.25% 2033s were trading stable at 52.6, yielding 18.9%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.