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Senegal Joins JPMorgan List of African Frontiers Set For New Bond Index
Source: Bloomberg
Sovereign Debt & RatingsCredit & Bond MarketsEmerging Markets
Senegal, which recently secured a $2.2 billion IMF bailout and is pursuing debt restructuring, will be included among African sovereigns in JPMorgan's new frontier-markets bond index. The inclusion could broaden investor visibility and potential benchmark-linked demand for Senegalese debt, though the country's fiscal stress and debt-rework process remain material credit risks.
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