• Guinea issued a 1,500 billion GNF ($172.6 million) five-year bond with an annual interest rate of 11%.
• The government targets reduced reliance on external financing and expansion of the domestic investor base.
• The issuance follows Guinea’s first sovereign credit rating of B+ with a stable outlook by S&P Global Ratings.

Guinea has launched a 1,500 billion GNF ($172.6 million) bond to strengthen domestic financing and deepen its public securities market, the Ministry of Economy and Finance said last week.

The ministry said the issuance aims to “reinforce domestic financing and develop the public securities market.”

Officials structured the operation at par value and in dematerialized form, in line with practices already applied on the Guinean market. The bond consists of 300,000 securities, each carrying a nominal value of 5 million GNF.

Authorities opened the subscription window from November 24 to December 24, 2025, allowing banks, insurers, companies and retail investors to participate.

The government set the bond's maturity at five years with a fixed annual interest rate of 11%. It will repay principal yearly using a constant-amortization schedule, and it will distribute interest payments once per year.

The Finance Ministry said the bond serves three priorities. First, it aims to mobilize more domestic resources to reduce reliance on external lenders. Second, it seeks to diversify investment instruments beyond Treasury bills already issued on a regular basis. Third, it intends to modernize Guinea’s financial market and align it with practices used across regional and international markets.

The issuance comes as Guinea prepares its progressive entry into international capital markets. In September 2025, the country secured its first sovereign credit rating of B+ with a stable outlook from S&P Global Ratings.

Officials said the new bond will help the government broaden its investor base, strengthen the domestic capital market and structure Guinea’s long-term access to external financing. They added that the strategy aims to secure regular funding for national projects while building confidence among financial stakeholders.

Chamberline Moko