Bond Gabonese 0% ( GA1100001674 ) in XAF

Issuer	Gabonese
Market price	100 % ⇌
Country	Gabon
ISIN code	GA1100001674 ( in XAF )
Interest rate	0%
Maturity	28/07/2023 - Bond has expired
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Minimal amount	10 000 XAF
Total amount	9 500 000 000 XAF
Detailed description	Gabon is a Central African country with diverse ecosystems, including rainforests, savannas, and coastlines, known for its rich biodiversity and significant oil reserves. A recently matured fixed-income instrument issued by the Republic of Gabon, identified by the ISIN GA1100001674, has been fully redeemed at its par value, marking a successful close for this particular debt offering. This bond, a zero-coupon instrument, was distinguished by its lack of periodic interest payments, with investors receiving a single principal repayment at maturity. Issued by Gabon, also the country of issuance, the bond was denominated in XAF (Central African CFA Franc) and represented a total issuance size of XAF 9.5 billion, with a minimum purchase size set at XAF 10,000. It reached its maturity date on July 28, 2023, at which point it was repaid at 100% of its face value. The Republic of Gabon, a Central African nation and a key player in the CEMAC economic zone, typically relies heavily on oil exports, though it has been actively pursuing economic diversification strategies. The successful and timely repayment of this zero-coupon bond underscores the Gabonese government's commitment to meeting its debt obligations, reinforcing investor confidence in its sovereign debt management within the regional financial market.