Senegal plans $500 million Eurobond issue
Senegal plans a
$500 million Eurobond issue for the first half of next year, replacing
the $200 million bond launched last year, the finance ministry said on
Wednesday.
“The borrowing
should be launched in the first half of 2011 and reach the critical
size of $500 million, that will enable it to be listed on the emerging
markets reference indices,” ministry communications adviser, Ousseynou
Gueye, told Reuters in response to inquiries.
The inclusion of an
instrument on the Emerging Markets Bond Index (EMBI) is considered an
advantage, as it improves its liquidity.
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