Citigroup Sees Bondholders Recover 50% of Senegal’s Debt Under Revamp

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Citigroup forecasts that holders of Senegal’s dollar bonds may recover less than 50% of the face value in an upcoming debt restructuring, which is below current trading prices. This suggests significant financial challenges for Senegal's debt markets.

Holders of Senegal’s dollar bonds could end up recouping less than 50% of the face value of the securities in the event of a restructuring — below the prices at which the debt currently trades, according to Citigroup Inc.

Markets Deals Senegal Citigroup debt restructuring bondholders financial recovery currency bonds

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