Published: July 23, 2014
West African republic opens books on 10-year dollar deal.
Senegal has opened the book on its latest eurobond, a 10-year benchmark dollar issuance. Initial pricing guidance is 6.625%, according to one of the lead banks on the deal.
The republic mandated Citi, Societe Generale Corporate & Investment Banking and Standard Chartered Bank to run a series of meetings with investors last week.
Senegal last sold bonds to international investors in 2011, when it raised US$500mn in 10-year paper with a coupon of 8.75%.