Swaps Helped Senegal Raise $1.3 Billion Despite Debt Concerns
Senegal raised 721 billion CFA francs ($1.3 billion) using derivatives to secure cheaper foreign-currency loans last year at a time when worries about its debt effectively closed international market access.
By Katarina Hoije · Bloomberg Markets
Senegal raised 721 billion CFA francs ($1.3 billion) using derivatives to secure cheaper foreign-currency loans last year at a time when worries about its debt effectively closed international market access.