Senegal Makes $471 Million Payments to Service Foreign Bonds

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Dakar, Senegal.Senegal has paid coupons and principal on its foreign bonds ahead of this Friday’s deadline, avoiding a potential default as the nation seeks aid from the International Monetary Fund, people familiar with the situation said.The West African country’s central bank transferred €380 million ($438 million) to the holders of its 2028 euro-denominated notes last Friday, the people said, asking not to be identified discussing the payment details. It also paid $33 million on dollar notes maturing in 2048, they said.