Bond Congo Republic 0% ( CG1100000419 ) in XAF

Issuer	Congo Republic
Market price	100 % ⇌
Country	Congo
ISIN code	CG1100000419 ( in XAF )
Interest rate	0%
Maturity	11/05/2023 - Bond has expired
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Minimal amount	1 000 000 XAF
Total amount	4 080 000 000 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. An analysis of the recently matured sovereign bond issued by the Republic of Congo, identified by ISIN CG1100000419, confirms its successful redemption on May 11, 2023. The Republic of Congo, a sovereign state located in Central Africa, actively participates in regional and international financial markets to fund its national development initiatives and budgetary requirements, leveraging its natural resources and economic potential to issue various debt instruments. This specific bond, denominated in Central African CFA Francs (XAF), constituted a total issuance size of 4,080,000,000 XAF, with a minimum purchase size set at 1,000,000 XAF for investors. Notably, the instrument carried a 0% interest rate, categorizing it as a zero-coupon bond, which typically implies that investors would have purchased it at a discount and received its full face value at maturity. Upon its maturity on May 11, 2023, the bond's market price was 100% of its par value, underscoring its full repayment as scheduled, signifying the successful conclusion of its lifecycle within the sovereign debt portfolio.