Senegal: New eurobond planned

Finance minister Amadou Ba announced on 14 April that Senegal will issue a eurobond this month to finance a series of infrastructure and power production projects that it hopes will push economic growth above 7% from 2018. Ba declined to give the amount of the issuance or its maturity. Senegal is rated B1 by Moody’s and B+ by Standard & Poor’s.“I think that the moment has arrived to return to the market,” Reuters quoted him as telling a meeting of regional finance ministers in Côte d’Ivoire.