Senegal Makes $471 Million Payments to Service Foreign Bonds

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.