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Senegal to issue Eurobond in April, says official

Amadou BA PHOTO:COURTESY

Senegal will issue a Eurobond this month in order to finance a series of infrastructure and power production projects that it hopes will push economic growth above seven per cent from next year, Finance Minister Amadou Ba said on Friday.

Ba declined to give the amount of the issuance or its maturity. The West African nation is rated B1 by Moody’s and B+ by Standard & Poor’s. “I think that the moment has arrived to return to the market,” he told reporters. 

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