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ItalianoBond Congo Republic 0% ( CG1300000300 ) in XAF
| Issuer | Congo Republic |
| Market price | 100 % ▲ |
| Country |  Congo
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| ISIN code |
 CG1300000300 ( in XAF )
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| Interest rate | 0% |
| Maturity | 04/04/2024 - Bond has expired |
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Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | / |
| Total amount | / |
| 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 sovereign state located in Central Africa known for its significant oil reserves which largely underpin its economy, recently fulfilled its financial obligation concerning a specific debt instrument, a bond identified by the ISIN code CG1300000300, which reached its maturity on April 4, 2024; this bond, issued within Congo's domestic market and denominated in XAF, the Central African CFA franc which is a currency fixed to the Euro, carried a zero percent interest rate, indicating it was structured as a zero-coupon bond that would have been issued at a discount and was repaid at its full principal value, reflecting its market price of 100% upon redemption, thereby confirming its successful reimbursement by the Republic. |