A group of holders of Senegal’s international bonds has chosen Alvarez & Marsal as its financial adviser for debt talks with the government, Reuters reported on 13 October, citing three sources. The appointment gives creditors a formal negotiating structure a month after Dakar said it would rework its debt to secure a $2.2 billion International Monetary Fund (IMF) programme. A director of the Group of 24 (G24) developing countries said the same day that Senegal was close to a final settlement with creditors. The size of any loss for bondholders will set Senegal’s future borrowing costs and could become a reference for other African issuers.
Sources
- CNBC Africa (Reuters): https://www.cnbcafrica.com/2026/senegal-bondholders-pick-alvarez-marsal-as-financial-adviser-for-debt-talks-sources
- IFR: https://www.ifre.com/people-and-markets/2496644/senegal-bondholders-appoint-alvarez-marsal
- SenePlus: https://www.seneplus.com/article/alvarez-marsal-entre-dans-la-negociation-sur-la-dette-senegalaise