Congo raises $260mn in Eurobond tap as debt pressures persist

• Congo raises $260m more via eurobond tap to ease near-term debt
• High yields underscore investor caution despite market return

The Republic of Congo has raised an additional $260 million by increasing the size of a eurobond issued last month, extending its return to international markets after nearly two decades.

The follow-on sale, or tap, builds on a $670 million eurobond issued in November, the country’s first international bond sale since the mid-2000s. Together, the transactions mark a renewed, though cautious, engagement with global investors as Brazzaville seeks to manage near-term refinancing pressures.