The international bond market is sending a worrying signal to Dakar. According to a note from JPMorgan reported by Reuters on May 26, current prices of Senegalese bonds due in 2033 now include the assumption of a sovereign debt restructuring, with a nominal discount of 15%, a maturity extension of five years, and a reduction…...
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Senegal’s Sovereign Debt: Markets Starting to Factor in Restructuring Scenario
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