Friday 19 December 2008

Republic of Gabon Eurobond delays payment

The Republic of Gabon delayed the interest payment on its 2017 Eurobondby for one week. The action follows a dispute with CECF Transgabonais. Gabon has a history of late debt service payments.

The dispute is over a contract which CECF Transgabona had to manage the national rail system, but was withdrawn five years ago.

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