- $700mn raised before March 15 election
- Debt extended to longest-ever 2035 maturity
BRAZZAVILLE, CONGO – The Republic of Congo has raised $700 million through a new international bond due 2035, extending its debt maturity profile weeks before a presidential election on March 15.
The 9.5% note marks the Central African oil producer’s first public international offering since private placements late last year. Investor demand exceeded $2 billion from more than 100 accounts, allowing the yield to tighten by 37.5 basis points during pricing.
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