France, Nov. 8 -- The Republic of the Congo this week entered the international bond market for the first time since 2007, signalling a new confidence in its economic reforms and fiscal management.

After 20 years on the sidelines, Congo-Brazzaville has returned to the international financial stage.

On Wednesday, the country issued its first Eurobond (a debt security issued in a currency different from the issuer's home currency and sold in a foreign market) since 2007 - a $670-million placement on the main market of the London Stock Exchange.

In plain terms, Brazzaville raised the funds to cover maturing debt and ease pressure on public finances.

But the move also acts as a signal that the country's economic policy is regaining credib...