Gabon's Dollar Bond Yields Surge Toward 14% as Unpublished Audit Claims Public Debt Is Nearly a Fifth Lower

Gabon's dollar bond yields have surged toward 14% just as the country lines up new borrowing. In July, it paid 12.65% to issue, the highest yield on any emerging-market government deal this year.
A government audit now claims Gabon's public debt is smaller than previously reported, nearly a fifth lower. However, the audit has not been published, and there is no methodology or detail on what was reclassified.
The author argued that a debt pile shrinking without disclosure reads as data risk rather than relief, saying that in sovereign credit, "trust is the collateral."