The Republic of Congo in $670 Million Sovereign Bond Offering

Cleary Gottlieb represented the Republic of Congo in an international sovereign bond offering of $670 million 9.875% amortizing notes due 2032.

Cleary Gottlieb represented the Republic of Congo (Congo) in an international sovereign bond offering of $670 million 9.875% amortizing notes due in 2032.

The offering, which was made through a private placement outside the U.S. in reliance on Regulation S only, priced on November 4, 2025, and closed on November 7, 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 November 2025 and February 2026.

For more details, please see the press release.

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