Bond Congo Republic 6% ( CG2L00000012 ) in XAF

Issuer	Congo Republic
Market price	100 % ▲
Country	Congo
ISIN code	CG2L00000012 ( in XAF )
Interest rate	6% per year ( payment 1 time a year)
Maturity	31/03/2028
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Minimal amount	/
Total amount	50 215 000 000 XAF
Next Coupon	31/03/2027 ( In 364 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. An investment-grade overview details a Republic of Congo sovereign bond (ISIN: CG2L00000012) currently priced at 100% on the market, with the Republic of Congo, a Central African nation recognized for its significant natural resource wealth and ongoing efforts towards economic diversification and development, serving as both the issuer and the country of issuance for this debt instrument. This particular bond, denominated in XAF, features an annual interest rate of 6% on a total issuance size of 50,215,000,000 XAF, with its maturity date set for March 31, 2028, and interest payments structured to occur annually.