Senegal launches IMF‑supervised eurobond restructuring and vows to pay Sept. 13 coupon

On 4 September 2026 Senegal formally launched an IMF‑supervised restructuring of nearly $5bn of eurobonds and publicly committed to honor the US dollar eurobond coupon due on 13 September 2026, preserving near‑term cashflows while starting creditor negotiations.

Honouring the Sept. 13 coupon preserves immediate cashflows and limits an acute short‑term payment shock for Senegal’s dollar bond holders and front‑end liquidity. However, placing eurobonds into a formal IMF‑supervised restructuring raises uncertainty over medium‑ and long‑dated maturities, likely increasing risk premia on Senegalese external debt and potentially spilling over to West African external paper.

Settlement of the Sept. 13 eurobond coupon and IMF executive‑board approval of the programme.