The Republic of Congo said on Tuesday that it plans to buy back about $354.3 million in principal amount of its 9.875% amortising notes due in 2032, according to a notice published on the London Stock Exchange, reported by Reuters.
Don’t Miss This:
DR Congo, UAE Sign Port And Mining Deals As Both Target $10bn Trade By 2030
The government set the purchase price at $947.50 for every $1,000 of the principal amount, bringing the total tender consideration to $346.0 million.
The Central African country had announced the tender offer for the notes last week, alongside its intention to issue a new series of dollar-denominated notes.
Don’t Miss This:
Congo Deepens US Ties With Formal Shortlist Of Strategic Mineral Assets
Image Credit: Britannica
