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

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...

By Ray Ndlovu · Bloomberg 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.