Congo lists bonds on Nasdaq Dubai

The Republic of the Congo has listed two international bond issues totaling $1.55 billion on the Nasdaq Dubai exchange, according to Agence Ecofin. These bonds were previously listed on the London Stock Exchange and are now available for trading in the Middle East to expand investor access.

Details of the bond issues

The first bond issue, worth $700 million, was issued in February 2026 with a 9.5% interest rate and matures in January 2035. The second issue, valued at $850 million, was issued in May 2026 with a 9.5% coupon and matures in 2036.

Significance of the listing

The dual listing allows Congolese bonds to be traded on two financial markets, aiming to attract a wider range of investors, including institutional investors and financial institutions in the Middle East. The Republic of the Congo is the first African state to list sovereign bonds on Nasdaq Dubai.

Impact on Nasdaq Dubai

Hamed Ali, CEO of Nasdaq Dubai, said the listing is a significant milestone, reflecting Dubai's growing role as a global financial center. The listing also brings African sovereign debt closer to Middle Eastern investors and provides a transparent bridge to regional institutional investors.

Nasdaq Dubai's market size

Following this operation, the total outstanding amount of debt securities listed on Nasdaq Dubai exceeds $147.5 billion, according to Gulf Today. Sovereign issues make up 43% of this amount, highlighting the importance of government bonds in the market.

Other developments in Africa

In related news, Ghana has signed a $28 billion agreement for the Jomoro regional oil hub, a major industrial project in West Africa. Benin is forming a committee to monitor digital investments, including projects like online public services and electronic document management. Ethiopia has secured Taranis' commitment to the Corbetti geothermal project, aiming to diversify its electricity supply. Benin is also using its diaspora connections as a tourism strategy by hosting the Black Travel Summit in 2027.