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Republic of Congo issues $850mln bond as part of debt refinancing

The Republic ​of Congo issued ⁠an $850 million international bond maturing in 2036 with a 9.5% ‌coupon, the government said on Wednesday, as it moved to buy back a ​shorter-dated bond and repay regional debt. The new bond will be repaid in ​five equal annual ​instalments from 2032, the finance ministry said. The proceeds will be used to buy back Congo's 9.875% international bond maturing in ⁠2032 and repay regional market debt due in June and July 2026. [...]