Bank of America Refinances Gabon Sovereign Debt for Nature and Ocean Conservation
LONDON, Aug. 15, 2023 /PRNewswire/ -- Bank of America announces the completion of the first ever debt-for-nature transaction in Continental Africa to refinance $500 million of sovereign debt of the Gabonese Republic ("Gabon").
- LONDON, Aug. 15, 2023 /PRNewswire/ -- Bank of America announces the completion of the first ever debt-for-nature transaction in Continental Africa to refinance $500 million of sovereign debt of the Gabonese Republic ("Gabon").
- Similarly, a Blue Loan is a loan where the proceeds are dedicated to finance or refinance activities that contribute to ocean protection.
- Bank of America acted as Sole Initial Purchaser, Structuring Agent and Bookrunner on the $500 million issuance, marking the start of what will be a 15-year-long conservation and refinancing project for Gabon.
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