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2 clusters · 5 sources · 4 days · First seen · Last updated
Republic of the Congo sovereign bond listing on Nasdaq Dubai
Overview
The Republic of the Congo has become the first African nation to list sovereign bonds on Nasdaq Dubai. This secondary listing involves two issuances totaling $1.55 billion: $700 million in amortizing notes due in 2035 and $850 million due in 2036, both carrying a 9.500% coupon.
Previously listed on the London Stock Exchange, these bonds are now available on the Dubai exchange to increase liquidity and attract a broader range of Middle Eastern and global institutional investors, including banks and corporations. The move is part of a financial strategy to replace short-term debt with longer-term loans and restore investor confidence. The operation also serves to deepen financial cooperation between the Republic of the Congo and the United Arab Emirates following a Comprehensive Economic Partnership Agreement (CEPA).
Entities
United Arab Emirates · Republic of the Congo · Nasdaq Dubai · Christian Yoka · London Stock Exchange
Timeline
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[BUSINESS] 2 sourcesRepublic of the Congo lists sovereign debt on Nasdaq Dubai
The Republic of the Congo has become the first African sovereign issuer to list bonds on Nasdaq Dubai, totaling $1.55 billion, to attract Middle Eastern investors.
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[BUSINESS] 3 sourcesRepublic of the Congo lists $1.55bn in bonds on Nasdaq Dubai
The Republic of the Congo is the first African state to list sovereign bonds on Nasdaq Dubai, adding $1.55 billion in securities to enhance liquidity and investor visibility.
Sources
abidjantv.net · apr-news.fr · horonyafinance.com · sikafinance.com · uaenews247.com