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Deal is first in format from an EM sovereign since 2023
Sale is largest block trade in close to two months
Senegal bonds are trading at distressed levels and there is a risk of restructuring
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European capital market participants quite rightly remain unconvinced that the 90 day reprieve is anything to cheer
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Sovereign bonds have suffered a brutal eight days, like other emerging markets
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SSA market most bullish but some in credit, emerging and equity markets still unconvinced anything has changed despite 90 day tariff reprieve
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Sovereign will not have much problem raising what it needs to on the bond market this year
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Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa