{"id":11765,"date":"2012-06-22T23:39:59","date_gmt":"2012-06-22T21:39:59","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-1-gabon-pays-delayed-eurobond-coupon-govt\/"},"modified":"2012-06-22T23:39:59","modified_gmt":"2012-06-22T21:39:59","slug":"update-1-gabon-pays-delayed-eurobond-coupon-govt","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-gabon-pays-delayed-eurobond-coupon-govt\/","title":{"rendered":"UPDATE 1-Gabon pays delayed Eurobond coupon-govt"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Updates with Gabon confirmation)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>By Tosin Sulaiman and Bate  Felix<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, June 21<\/span> (Reuters) &#8211; Gabon has paid a delayed coupon<br \/>\non its $1 billion Eurobond after settling a dispute with a South<br \/>\nAfrican company that had frozen bond payment funds via a court<br \/>\norder, an adviser to the Gabon government said on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>This means Gabon, one of the few sub-Saharan African<br \/>\ncountries to have issued dollar bonds, has managed to avoid<br \/>\nfalling into default because it has paid the $32 million coupon,<br \/>\noriginally due on June 12, within the 10-day grace period.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The coupon has been paid&#8230;as we said we would do,&#8221;<br \/>\nSerge-Maurice Pambou, adviser to Gabon&#8217;s economy minister, told<br \/>\nReuters.<\/p>\n<p><span><\/span><\/p>\n<p>This was the second time Gabon was forced to delay payouts<br \/>\nto bondholders, following a previous case in 2008 and Pambou<br \/>\nsaid there would be no repeat.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Following the instructions of the head of state, the<br \/>\ngovernment has been asked to&#8230;make sure things like this do not<br \/>\nhappen again,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier on Friday, Standard  Poor&#8217;s affirmed its BB- rating<br \/>\non Gabon with a stable outlook.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We consider that the delayed coupon payment was unrelated<br \/>\nto Gabon&#8217;s ability and willingness to make that payment,&#8221; SP<br \/>\nsaid.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Updates with Gabon confirmation) By Tosin Sulaiman and Bate Felix LONDON, June 21 (Reuters) &#8211; Gabon has paid a delayed coupon on its $1 billion Eurobond after settling a dispute with a South African company that had frozen bond payment funds via a court order, an adviser to the Gabon government said on Friday. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11765"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11765\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}