Investors Favor Short-Term Senegal Bonds as Debt Concerns Linger

Investors preferred short-term Senegal bonds at an auction Friday as concerns over its long-term debt sustainability linger.

The country raised 88 billion CFA francs ($158 million) at the auction with close to half of the amount secured through a 12-month treasury bill, which drew bids worth 109.4 billion CFA francs, according to results published by UMOA-Titres, the regional institution that handles the sales.