Oil-Rich Gabon’s Dollar Bonds Rally as Junta Sets Election Date
- Nation’s bonds extend gains on optimism over upcoming vote
- Referendum allowed for the extension of presidential terms
Photographer: Jeenah Moon/Bloomberg
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Gabon’s sovereign dollar bonds rallied after the oil-rich nation’s junta said it will hold presidential elections on April 12, raising the prospect of a return to civilian rule.
The transition will come almost two years after Brice Oligui Nguema overthrew President Ali Bongo — within the timeframe pledged by the military rulers to hold a vote.