Gabon: Successful early redemption of 50% of the Eurobond

by time news

DIG/ The​ early redemption operation of 50% of the Eurobond 2025 of‍ the gabonese Republic (290 million ​dollars / ‌180 billion CFA francs) was fully achieved, i.e. ⁣ with the participation of more⁣ than 260 international investors, for ⁤an amount of 442 million US dollars (275 billion CFA ‍francs), or more than‍ 156%.

“The performance of​ this repurchase operation is very significant compared to similar actions⁢ carried out as the​ beginning of 2024 by comparable countries.

After this repurchase operation, the outstanding amount of the Eurobond 2025 of the​ Gabonese ​Republic will be reduced to 315 ​million‌ dollars. », the department shows.

As a reminder,⁤ the President of the Transition, Brice⁢ Clotaire Oligui Nguéma,‌ announced‍ the​ buyout operation on October 21, 2024.

This operation involved a maximum principal ⁣amount of 290 million Dollars (180⁣ billion CFA francs), for ‍an outstanding‍ principal ⁤amount of 605 million dollars‌ (376 billion CFA francs) and⁣ whose maturity was set for June 16, 2025.

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