Citigroup Sees Bondholders Recover 50% of Senegal’s Debt Under Revamp
Bloomberg 2026-07-16 14:10:20
Context: Citigroup Inc. has analyzed the potential recovery for bondholders of Senegal's dollar bonds in the event of a restructuring, and found that they may recoup less than 50% of the face value of the securities. This projection is significant because it falls below the current trading prices of the debt. The analysis suggests that bondholders may face substantial losses.
Key Facts
- Citigroup Inc. estimates that holders of Senegal's dollar bonds could recover less than 50% of the face value of the securities in the event of a restructuring.
- The projected recovery rate is below the current market prices at which the debt is trading.
- The analysis by Citigroup Inc. implies that bondholders may face significant losses, with potential recoveries falling short of the current market valuations.