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Updated · Bloomberg · Jun 2Senegal Dollar Bonds Sink to 54 Cents as Political Crisis Fuels Default Fears
2 articles · Updated · Bloomberg · Jun 2
- Senegal’s 2031 dollar bond traded around 54 cents on the dollar Tuesday, near a record low and down sharply from a mid-February peak of 68 cents.
- The slide reflects a deepening political crisis that has driven rising fears of default and reversed Senegal’s standing in emerging markets.
- Its other two dollar notes have also fallen heavily, leaving investors with a 2.5% loss this year.
- That performance makes Senegal the worst performer against an emerging-market dollar-bond index that has gained 1.5% in 2026.
With its debt secretly doubled, are opaque bank deals pushing Senegal into an inevitable default? Senegal's president just fired his mentor. Is their power struggle about to destabilize West Africa?