Bond Congo Republic 0% ( CG1100000369 ) in XAF

Issuer	Congo Republic
Market price	100 % ⇌
Country	Congo
ISIN code	CG1100000369 ( in XAF )
Interest rate	0%
Maturity	01/12/2022 - Bond has expired
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Minimal amount	1 000 000 XAF
Total amount	10 000 000 000 XAF
Detailed description	The Republic of Congo, a Central African nation bordering Gabon, Cameroon, the Central African Republic, and the Democratic Republic of Congo, is rich in natural resources, including oil, timber, and minerals, but struggles with significant economic inequality and political instability. This financial article details a specific bond issuance from the Republic of Congo, a Central African sovereign nation actively engaged in the global debt markets to finance its developmental and budgetary requirements, with its economic stability often tied to its significant oil reserves and resource management. The bond, identified by its ISIN code CG1100000369, was issued by the Republic of Congo from its domestic market. With a total issuance size of 10,000,000,000 XAF and a minimum purchase requirement of 1,000,000 XAF, this instrument was denominated in XAF, the Central African CFA franc. Notably, the bond featured a 0% interest rate, categorizing it as a zero-coupon bond where investors receive no periodic interest payments but rather the full principal amount at maturity, with the indicated payment frequency of '1' therefore referring to this single principal repayment event. The bond reached its maturity on December 1, 2022, and was subsequently repaid at 100% of its face value, confirming its successful redemption at the scheduled date.