Global law firm Norton Rose Fulbright has advised Attijariwafa bank, Eco Bank, Citigroup and Union Gabonaise de Banque on the tender offer by the Republic of Gabon of its outstanding 6.950% notes maturing in 2025.
The tender offer was capped with a maximum principal amount of US$290 million against a total outstanding principal of US$605 million.
The Republic has carried out the tender offer in order to proactively and efficiently manage its external liabilities. The Republic has funded the payment of the tender consideration from proceeds received from issuances of XAF-denominated treasury securities conducted by the Republic on the regional market over the past twelve months.
The Paris-based Norton Rose Fulbright team advising the dealer managers on this operation was led by debt capital markets partner Jeremy Grant, with assistance from associate Elise Najjar.
