Business & Finance
Senegal Bonds Plunge as Budget Row Puts IMF Program at Risk
Key Points
Senegal Bonds Plunge as Budget Row Puts IMF Program at Risk Senegal’s dollar bonds fell this week as a budget standoff threatens to delay the government’s efforts to secure a $2.2 billion International Monetary Fund program. The yield on the West African nation’s 2031 dollar bond has climbed 109 basis points to its highest since September, while that on its 2033 debt has risen 75 basis points.
Senegal Bonds Plunge as Budget Row Puts IMF Program at Risk
Senegal’s dollar bonds fell this week as a budget standoff threatens to delay the government’s efforts to secure a $2.2 billion International Monetary Fund program.
The yield on the West African nation’s 2031 dollar bond has climbed 109 basis points to its highest since September, while that on its 2033 debt has risen 75 basis points.