April 19, 2017 / 11:55 AM / 3 months ago

Senegal hires for US dollar Eurobond

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LONDON, April 19 (IFR) - The Republic of Senegal has mandated Citigroup, JP Morgan, Natixis and Societe Generale for a US dollar-denominated Eurobond, according to banking sources.

The deal is expected in the coming weeks, said Finance Minister Amadou Ba on Friday, who was speaking to reporters on the sidelines of a meeting of regional finance ministers in Ivory Coast.

A fifth bank could be involved in leading the transaction, according to one source.

The banks declined to comment.

Senegal, rated B1 by Moody's and B+ by S&P, was last in the market in 2014 with a US$500m 10-year Eurobond. (Reporting by Robert Hogg; editing by Sudip Roy)

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