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Gabon completed mainland Africa’s first-ever “debt-for-nature swap” Tuesday, refinancing $500 million of its debt and earmarking $163 million in savings for marine conservation, the latest in a burgeoning list of “blue bond” deals. In their place, Gabon issued a $500 million blue bond which matures in 2038. The coupon on the new blue bond was priced at 6.097%, lower than the coupons on the repaid bonds which were between 6.625%-7%. TNC says its blue bond deals have provided $400 million toward conservation efforts. Bank of America, which served as sole initial purchaser, structuring agent and bookrunner on the Gabon deal, declined to reveal its transaction fees.
Persons: Gabon’s, Bond, , Ali Bongo Ondimba, TNC wasn’t, Scott Nathan, TNC, Will Horner Organizations: , Sustainable Business, Moody’s Investors Service, U.S . International Development Finance Corporation, Conservancy, Greenpeace, Bank of America Locations: Gabon, Africa, U.S, Belize, Seychelles, Barbados, Ecuador, Galápagos, william.horner
The bulk of the team were experienced internationals, fancied to emerge top of their final round qualifying group and secure a first-ever World Cup final appearance at the 1994 tournament in the United States. Engine failure after takeoff from Libreville caused the plane to crash into the sea, killing all on board including the coaches, support staff and crew. A year after the crash, the team were surprise finalists at the 1994 Africa Cup of Nations in Tunisia, losing 2-1 to Nigeria. Twenty years after the disaster, Zambia finally won the African title - in Gabon, site of the crash. Just days before the final, players threw flowers into the sea at the beach where the bodies had washed up.
Gabon Targets a Huge Payday With Carbon Credits
  + stars: | 2022-11-10 | by ( Phred Dvorak | ) www.wsj.com   time to read: 1 min
The African nation of Gabon, one of the most densely forested on earth, is launching the world’s biggest sale of carbon offset credits. The plan could net the country billions of dollars and upend the fast-growing market for carbon credits. Gabon, which sits on Africa’s west coast, is 88% forest. It has slowed the cutting of those trees, and is now seeking to sell credits for the emissions decline it has achieved. The trees pull carbon dioxide from the atmosphere, reducing greenhouse gases.
SummarySummary Companies Carlyle hopes to raise over $1 billion from sale -sourcesAssala acquired in 2017 with Shell deal in GabonLONDON, Oct 11 (Reuters) - Private equity fund Carlyle Group (CG.O) is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 billion amid high global energy prices, industry sources said. Carlyle International Energy Partners, the fund's energy arm, first invested in Assala in 2017 when it acquired Shell's (SHEL.L) operations in Gabon for $628 million. Soaring oil and gas prices over the past year offer a favourable backdrop for energy companies to sell assets, although the long-term outlook for fossil fuel prices remains uncertain as economies shift to low-carbon energy. Carlyle's other investments include North Sea-focused Neptune Energy and European refiner Varo Energy. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ron Bousso Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Factbox: World leaders to attend Queen Elizabeth's funeral
  + stars: | 2022-09-12 | by ( ) www.reuters.com   time to read: +6 min
Canadian Prime minister Justin Trudeau and Sophie Gregoire Trudeau attend the funeral of Her Majesty Queen Elizabeth II in Westminster Abbey. Jack Hill/Pool via REUTERSRegister now for FREE unlimited access to Reuters.com RegisterLONDON, Sept 19 (Reuters) - Queen Elizabeth's state funeral will take place in London on Monday and a host of world leaders, royalty and other dignitaries will attend. Countries that have not been invited include Syria and Venezuela because London does not have normal diplomatic relations with those states. Britain has also not invited representatives from Russia, Belarus or Myanmar after it imposed economic sanctions on those countries. Related ContentFactbox: Plans for Queen Elizabeth's state funeral on MondayFactbox: Comments from crowds in London on Queen ElizabethFactbox: World leaders to attend Queen Elizabeth's funeralFactbox: Order of service for Queen Elizabeth's state funeralWindsor Castle, Queen Elizabeth's home and now final resting placeWestminster Abbey - traditional church for royals in life and death(This story was refiled to correct spelling of first name of Belize governor general)Register now for FREE unlimited access to Reuters.com RegisterCompiled by Farouq Suleiman and Kate Holton Editing by Deepa Babington and Frances KerryOur Standards: The Thomson Reuters Trust Principles.
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