diff --git a/swap/src/protocol/bob/swap.rs b/swap/src/protocol/bob/swap.rs
index 55174d3a..42031007 100644
--- a/swap/src/protocol/bob/swap.rs
+++ b/swap/src/protocol/bob/swap.rs
@@ -337,11 +337,13 @@ async fn next_state(
                         }
                     }
                 }
-                Ok(Rejected { reason: error, .. }) => {
-                    return Err(error)
+                Ok(Rejected { reason, .. }) => {
+                    tracing::error!(?reason, "Alice rejected our request for cooperative XMR redeem");
+                    return Err(reason)
                         .context("Alice rejected our request for cooperative XMR redeem");
                 }
                 Err(error) => {
+                    tracing::error!(?error, "Failed to request cooperative XMR redeem from Alice");
                     return Err(error)
                         .context("Failed to request cooperative XMR redeem from Alice");
                 }