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The Gabonese Rep (71GL)


Thursday 18 December, 2008

The Gabonese Rep

Re Payment to Noteholders

RNS Number : 4004K
Gabonese Republic (The)
18 December 2008

On 16 December 2008 the High Court in London set aside the Interim Third Party Debt Order which had prevented Citibank N.A. from paying to Noteholders funds representing payment of interest due on 12 December 2008 under Gabon's US$1,000,000,000 8.20% Notes due 2017.  As a consequence of the High Court's order these funds have now been paid to the clearing systems and are being distributed to Noteholders.

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