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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. [...]