Bloomberg News

Chad Extends Deadline for $221 Million Bond Sale by 3 Weeks

June 30, 2011

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.

To contact the reporter on this story: Pius Lukong in Yaounde at plukong@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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