Senegalese euro-bonds show the lowest yields in Africa this month, as investors retreat after a brief upturn, pending the conclusions of an International Monetary Fund (IMF) survey on the under-declaration of the West African country’s debt. Senegalese Eurobonds have the lowest yields in Africa this month. Investors withdrew after a brief recovery, pending the conclusions of an investigation by the International Monetary Fund (IMF) on the under-declaration of the West African country’s debt. Senegalese dollar bond holders lost 23.8% this month in terms of total yield, making Senegal the only African country to record a loss. By comparison, the continent’s sovereign bonds showed an average gain of 1.9%, according to a Bloomberg index. Un espoir de dérogation déçu (a disappointed hope of an exception to the rule). Liabilities had plunged to historically low levels following the IMF’s suspension of its $1.8 billion loan programme following the revelation of a false debt declaration. The yield on 2033 securities had risen to 123.56% on 3 July, before falling back to below 12% in August.
Senegal: Bonds in dollars fall by 1.8%… investors are now in expectation
