The Republic of Congo in $260 Million Bond Tap Issuance

Cleary Gottlieb represented the Republic of Congo (Congo) in an international sovereign bond offering of $260 million 9.87% amortizing notes due 2032.

The notes constitute a further issuance of, and were consolidated to form a single series with, Congo’s outstanding 9.87% amortizing notes due 2032, issued on November 7, 2025.

The offering was made through a private placement outside the U.S. in reliance on Regulation S only priced on December 16, 2025, and closed on December 19, 2025. The notes have been admitted to trading on the Main Market of the London Stock Exchange.

The net proceeds of the offering will be used by Congo to refinance part of its existing domestic debt in the form of short-term treasury bonds issued on the Communauté économique et monétaire de l’Afrique centrale (CEMAC) capital markets falling due between January and February 2026. 

The Cleary team included partners Barthélemy Faye and Frederic Martin and associates Pap Diouf, Samantha Grayman, and Julie Jacquemoud.