Senegal Bonds Rise After Government Reassures Investors on Debt
- Finance minister rules out debt restructuring following audit
- Country’s dollar bonds jump to lead emerging-market gains
Street traders lay out their goods at Sandaga market in Dakar.
Photographer: Annika Hammerschlag/BloombergThis article is for subscribers only.
Senegal’s Finance and Budget Minister Cheikh Diba ruled out a restructuring of the country’s debt in a call with international investors, according to people familiar with the matter.
Diba told investors on Thursday that the government aims to proceed with liability management operations to keep paying its debt maturities, said the people, who asked not to be named because the virtual meeting was private.