Gabon launches buyback offer for nearly half 2025 Eurobond – document

LONDON, Nov 7 (Reuters) – Gabon launched its buyback offer for nearly half of its $605 million bond maturing in 2025, according to a document.

The central African oil producer is offering to buy back up to $290 million of the bond, which matures in June 2025 “in order to proactively and efficiently manage its external liabilities,” the document said.

It said the country would fund purchases with proceeds received from selling Central Africa Franc-denominated treasuries on the regional market over the past year, the proceeds of which were held in an escrow account at the Bank of Central African States (BEAC). (Reporting By Libby George, editing by Karin Strohecker)

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