USA
A U.S. court ruled to lift two restraining notices that had blocked a coupon payment on Congo Republic’s $363 million Eurobond amid a $1 billion legal dispute between the government and a construction firm, according to a court filing seen on Wednesday.
A payment on the bond maturing in 2029 was frozen in June after Commissions Import Export S.A. filed two restraining orders to the bond’s trustee the Delaware Trust Company. Congolese authorities had transferred the payment a day before.
It was not immediately clear if the coupon payments have now resumed.
01:30
Countries could face consequences if they trade in U.S sanctioned commodities- US Ambassador
01:12
Congo's ruling party sweeps legislative elections
01:14
Second round of Parliamentary elections in Congo-Brazzaville
02:00
Fast moving McKinney fire burns forest in US
01:30
Benin:Talon graces Macron's visit by realeasing 30 prisoners from the opposition
02:00
Korea's Kim greets veterans on 'Victory Day' armistice anniversary