EM CEEMEA CREDIT: Senegal (SENEGL): Bonds Drop Further
Dec-17 15:06
(SENEGL; Caa1neg/CCC+wdev/NR)
- Senegal sovereign bonds’ valuations dropped further today, seemingly as uncertainty remains around the potential for and timing of a new IMF program. Our screen feeds show SENEGL 33s charting at 56.40 in cash px terms, approximately 1.25pt lower vs previous CoB, That is a 7pt drop from the local highs seen towards the end of November, and a move lower of 22pt YtD (source: Bloomberg data).
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