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Public finances: in Senegal, Bloomberg reveals the historic fall in Eurobonds

12/11/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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At the opening of the markets, Monday, November 10, 2025, the Senegalese eurobonds have registered a dramatic fall, according to Bloomberg agency.

Bloomberg reported that securities maturing in December 2031 were trading at 71.36 cents per dollar in London, while those maturing in 2048 fell to 58.82 cents to the dollar, marking the largest decline ever observed at the close. This tumble follows the refusal assumed on Saturday by the Senegalese Prime Minister of proceed with debt restructuring, despite pressure from the IMF and international partners.

The Monetary Fund international and other donors wanted to impose measures considered drastic, such as the abolition of several subsidies on essential products, including electricity, fuel, and some foodstuffs. According to the government, these measures could plunge the country into a unmanageable social crisis

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