Bond Gabonese 0% ( GA1200001673 ) in XAF

Issuer Gabonese
Market price 100 %  ⇌ 
Country  Gabon
ISIN code  GA1200001673 ( in XAF )
Interest rate 0%
Maturity 30/06/2023 - Bond has expired



Prospectus brochure in PDF format is unavailable at this time
We will provide it as soon as possible

Minimal amount 1 000 000 XAF
Total amount 10 000 000 000 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.

An analysis of a recently matured sovereign debt instrument offers valuable insights into Gabon's public finance management and its engagement with capital markets. This specific bond, identified by the ISIN GA1200001673, represented a direct debt obligation of the Republic of Gabon, the West African nation recognized for its natural resource wealth, particularly oil, and its ongoing efforts to diversify its economy and maintain fiscal stability. The instrument was denominated in Central African CFA Francs (XAF) and concluded its lifecycle by reaching its maturity date on June 30, 2023, at which point it was fully redeemed. With a substantial total issue size amounting to XAF 10,000,000,000, the bond was structured to be accessible to various investors, requiring a minimum purchase size of XAF 1,000,000 per lot. Notably, the bond carried an interest rate of 0%, suggesting it functioned either as a zero-coupon instrument, where investor returns would be derived from a discount on the initial purchase price against a full par redemption, or as another form of non-interest-bearing principal repayment security. At the time of its maturity, the bond's reported market price was 100%, indicating that it was redeemed at its full par value, a standard practice for debt instruments at the end of their term. The payment frequency was designated as 1, consistent with a single principal repayment event upon the bond's maturity. The successful redemption of this bond underscores Gabon's continued commitment to honoring its financial obligations to investors within the global debt market.