Commentary & Deal Flow

The Gabonese Republic, rated Caa1 (Stable) by Moody's and B- (Stable) by Fitch, US$ benchmark 144A/Reg S amortising sr unsec notes due 11/24/31. Deutsche Bank, J.P. Morgan and Standard Chartered Bank as Joint Lead Managers. Financial Advisor to The Gabonese Republic: Lazard. Redemption: Three equal instalments in 2029, 2030, 2031. 9yr avg life. List LSE. English Law. UOP: Refinancing of existing USD 2024 and USD 2025 notes, subject to the Maximum Acceptance Amount of US$750 million, in connection with a concurrent tender offer and general budgetary purposes. Pricing 11/17. Settle 11/24. IPTs: 7.25-7.375%.