Senegal

Senegal: bondholder group hires Alvarez & Marsal and warns against principal haircuts

Holders of $2.2 billion of Senegal’s $5.2 billion bonds appointed Alvarez & Marsal and warned against principal haircuts; a December target for agreements in principle is reported.

Status: Reported · Date: 13 October 2026 · Country: Senegal · Topic: Restructurings

Reuters reported on 13 October that holders representing $2.2 billion of Senegal’s $5.2 billion international bonds appointed Alvarez & Marsal as financial adviser and warned against principal haircuts. Its 6 October report described a December target for agreements in principle with official creditors and bondholders, with CFA-franc debt excluded and total-return swaps in scope for contributions. These are negotiating positions and targets, not agreed terms.

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The Daily Docket — Sunday 25 October: Rubio's CIA appeal to Cubans; quiet weekend in the courts

Secretary Rubio urged Cubans to make "discrete" contact with the CIA, and Havana rejected the US "threats". No Citgo ruling, and no OFAC, UK or EU change.

The Daily Docket — Saturday 24 October: Senegal's bank lenders hire an adviser; Citgo ruling still pending

Senegal's commercial-bank creditor committee has picked Houlihan Lokey, Reuters reports, as the FSDT strike ends. No Third Circuit ruling yet.

The Daily Docket — Friday 23 October: Citgo appeal awaits ruling; licence still needed

Third Circuit set no date to rule on the USD 5.9bn PDV Holding sale; closing still needs an OFAC licence.

OFAC issues Venezuela GL 60A (earthquake relief) and amends FAQ 1263

OFAC issued General License 60A, authorising transactions related to earthquake relief efforts in Venezuela, and amended FAQ 1263. Per the FAQ, relief payments authorised by GL 60A need not be paid into the Foreign Government Deposit Funds (FGDF) account.

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The Daily Docket — Sunday 25 October: Rubio's CIA appeal to Cubans; quiet weekend in the courts

The Daily Docket — Saturday 24 October: Senegal's bank lenders hire an adviser; Citgo ruling still pending

The Daily Docket — Friday 23 October: Citgo appeal awaits ruling; licence still needed

OFAC issues Venezuela GL 60A (earthquake relief) and amends FAQ 1263