Bond Congo Republic 6.5% ( CG2B00000147 ) in XAF

Issuer	Congo Republic
Market price	100 % ▲
Country	Congo
ISIN code	CG2B00000147 ( in XAF )
Interest rate	6.5% per year ( payment 1 time a year)
Maturity	29/06/2028
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Minimal amount	/
Total amount	11 352 500 000 XAF
Next Coupon	29/06/2026 ( In 89 days )
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 sovereign bond, identified by the ISIN CG2B00000147, has been issued by the Republic of Congo, a Central African nation acting as the sovereign issuer in this financial instrument. As the government entity, the Republic of Congo leverages such debt instruments to finance its national budget, infrastructure projects, or other public expenditures within its borders. This specific bond, denominated in XAF (Central African CFA franc), is currently observed trading at its par value of 100% on the market. It offers investors an annual interest rate, or coupon, of 6.5%, with payments scheduled once a year. The total size of this issuance amounts to 11,352,500,000 XAF, representing the principal amount raised. Investors in this fixed-income security can anticipate its maturity on June 29, 2028, at which point the principal repayment is due.