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 which the debt currently trades, according to Citigroup Inc.

To respect copyright, we link to the source rather than republishing the full text. Read the complete article on Bloomberg.