Bond Congo Republic 5.25% ( CG2A00000320 ) in XAF

Issuer Congo Republic
Market price 100 %  ▲ 
Country  Congo
ISIN code  CG2A00000320 ( in XAF )
Interest rate 5.25% per year ( payment 1 time a year)
Maturity 06/10/2024 - Bond has expired



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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 sovereign issuer, has successfully redeemed its bond identified by ISIN CG2A00000320, which matured on October 6, 2024, at 100% of its par value; this obligation carried an annual interest rate of 5.25% and was denominated in XAF.