Senegal starting point surprises debt bankers

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Senegal starting point surprises debt bankers

Senegal’s initial price thoughts for a new 10 year benchmark bond on Wednesday surprised bankers away from the deal, who felt the sovereign had started with an over aggressive level. But the lead managers countered there was no push back from investors, and that Senegal’s secondary curve was by no means the sole reference point for pricing, GlobalCapital reports.

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