Benin is bringing in a consortium of international banking institutions to facilitate what could be a major debt restructuring play. The plan involves floating dollar-denominated Sukuk bonds alongside additional debt instruments. This move signals the West African nation's pivot toward Islamic finance mechanisms—a trend we're increasingly seeing from emerging markets looking to diversify funding sources. The Sukuk structure offers tax efficiency and appeals to institutional investors across MENA and Asia. Worth monitoring how this debt issuance impacts regional bond yields and what it means for African sovereign credit spreads.