Bond Congo Republic 0% ( CG1100000443 ) in XAF

Issuer	Congo Republic
Market price	100 % ⇌
Country	Congo
ISIN code	CG1100000443 ( in XAF )
Interest rate	0%
Maturity	22/06/2023 - Bond has expired
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Minimal amount	1 000 000 XAF
Total amount	14 315 000 000 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. A specific bond issued by the Republic of Congo, identified by ISIN CG1100000443, recently reached its maturity on June 22, 2023, and was successfully redeemed. The Republic of Congo, a Central African nation and a sovereign entity in the CEMAC region, regularly accesses capital markets to finance its development initiatives and budgetary needs, with its debt instruments offering insights into its fiscal management and economic stability. This particular bond, denominated in XAF (Central African CFA Franc), was structured as a zero-coupon instrument, characterized by a 0% interest rate and a single payment frequency, meaning investors received no periodic interest but a lump sum at maturity. The initial total issuance size for this obligation amounted to 14,315,000,000 XAF, accessible to investors with a minimum subscription threshold set at 1,000,000 XAF per purchase. Upon its scheduled maturity date of June 22, 2023, the bond was fully repaid to investors at its par value, reflecting a market price of 100% at the time of redemption, highlighting the Republic of Congo's commitment to honoring its financial commitments and contributing to its credit standing in the international bond markets.