June 30 (Bloomberg) -- Chad has extended the deadline for subscribing for subscribing for a 100 billion CFA franc ($221 million) bond sale by 3 weeks to July 14, the country’s government said yesterday in a statement distributed in Cameroon.
The delay is to accommodate investor’s requests, Chad said.
The five-year, local-currency bonds, will be listed on the Libreville, Gabon-based Central African Stock Exchange. The proceeds will be used to fund investment projects and pay off existing debt, Chad said on June 21.
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