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ItalianoBond Congo Republic 0% ( CG1200000780 ) in XAF
| Issuer | Congo Republic |
| Market price | 100 % ⇌ |
| Country |  Congo
|
| ISIN code |
 CG1200000780 ( in XAF )
|
| Interest rate | 0% |
| Maturity | 18/05/2023 - 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 | 7 000 000 000 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. The Republic of Congo, a Central African nation whose economy is largely underpinned by its petroleum resources, successfully met its financial commitments with the full repayment of its sovereign bond, ISIN CG1200000780. This XAF-denominated debt instrument, part of a total issuance of XAF 7,000,000,000 with a minimum subscription of XAF 1,000,000, matured on May 18, 2023. Notable for its 0% interest rate, suggesting its structure as a zero-coupon bond, the security was redeemed at 100% of its face value, thereby confirming the issuer's timely fulfillment of its obligations. |