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Senegal Bondholders Pick White & Case for Legal Advice
Source: Bloomberg
Sovereign Debt & RatingsCredit & Bond MarketsEmerging MarketsLegal & Litigation
Holders of Senegal's eurobonds are forming a creditor group and have appointed White & Case LLP as legal adviser ahead of potential debt-restructuring negotiations. The move signals rising default or restructuring risk for Senegalese sovereign debt and could materially pressure the country's eurobond prices, though broader market effects are likely concentrated in frontier and emerging-market credit.
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