Senegal's dollar bonds slide after audit report confirms larger govt debt
ReutersFeb 12, 2025 2:13 PM
LONDON, Feb 12 (Reuters) - Senegal's sovereign dollar bonds slid more than 1.5 cents on Wednesday after a long-awaited audit report confirmed larger-than-reported government debt.
The 2033 dollar-denominated maturity led the losses, shedding more than 2 cents to be bid at 80.00 on the dollar by 1413 GMT, with other maturities also down by more than 1 cent.
The Court of Auditors confirmed in a report released on Wednesday that Senegal's previous government underestimated several key aspects of the West African country's financial situation including debt and budget deficit.
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