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Senegal’s dollar bonds fell by nearly 4 points after its President Macky Sall announced that the presidential vote would be postponed. The date on which it would be held was unspecified. The President said that the delay was due to a dispute over the candidate list and corruption allegations over the constitutional body handling it. Following the delay, Barclays analysts wrote, “Uncertainty has risen. We believe that, at least in the short-term, this will need to be reflected in additional political risk premia” after investors had “priced in limited risk premium” prior to this.
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