Bond Congo Republic 0% ( CG1200000822 ) in XAF

Issuer	Congo Republic
Market price	100 % ⇌
Country	Congo
ISIN code	CG1200000822 ( in XAF )
Interest rate	0%
Maturity	22/06/2023 - Bond has expired
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Minimal amount	1 000 000 XAF
Total amount	3 095 000 000 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 obligation (bond) issued by the Republic of Congo, identified by the ISIN code CG1200000822, has successfully matured and been fully repaid. The Republic of Congo, a sovereign state located in Central Africa and a member of the Economic and Monetary Community of Central Africa (CEMAC), issued this debt instrument with a total size of 3,095,000,000 XAF (Central African CFA francs). This bond was designed as a zero-coupon instrument, meaning it carried no periodic interest payments, with potential investor returns realized through its initial issuance at a discount to its par value. Individual participation was structured with a minimum purchase amount of 1,000,000 XAF. The bond reached its scheduled maturity date on June 22, 2023, at which point it was redeemed at 100% of its par value, marking the successful fulfillment of the issuer's financial commitment. This repayment underscores the Republic of Congo's adherence to its obligations in the debt markets.