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Senegal Raises $179 Million as Debt Rework Tests Local Market
Source: Bloomberg
Sovereign Debt & RatingsCredit & Bond MarketsEmerging Markets
Senegal raised 101 billion CFA francs ($179 million) in a government securities auction, its first issuance since announcing plans to seek a restructuring of external debt. The successful domestic sale provides near-term funding, but the planned external-debt reworking underscores elevated sovereign credit and refinancing risk.
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