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Gabon Returns to Debt Market After $920M Eurobond Deal
30 Sep
Summary
- Gabon is seeking new dollar debt despite recent eurobond sale.
- The country sold $920 million in eurobonds just two months prior.
- BofA Securities is leading the new fixed income investor meetings.
Gabon is once again seeking to raise capital through dollar-denominated debt instruments. This fresh borrowing initiative follows a significant eurobond sale amounting to $920 million, which occurred just two months ago.
BofA Securities has been mandated as the sole lead manager for this upcoming debt issuance. The bank is set to arrange a series of fixed income investor meetings, commencing on Wednesday. These engagements are designed to attract investors ahead of the planned sale of new debt.
The country's decision to tap the debt markets again highlights its ongoing financing needs or strategic financial management. Further details regarding the size and terms of the new dollar debt are expected to emerge following the investor meetings.
