The fundraising operation enabled the Central African States Development Bank (BDEAC) to mobilize nearly 107 billion CFA francs, or more than the 100 billion sought. The community financial institution reassures that the money collected will be used to finance integrative projects and the sub-regional private sector.
The president of the BDEAC, Fortunato-Ofa Mbo Nchama, was in front of the press in Brazzaville, on December 5, to take stock of the first bond loan operation that the bank organized from December 21 to 29, 2020 within the six-member countries of the Central African Economic and Monetary Community (Cémac).
The mobilization of subscribers was remarkable, with more than 82.4% participation for banks, 7.7% for insurance companies, 5.6% for individuals, pension funds just over 1 , 9% of the total participation, 1.4% for companies, and finally, the participation of microfinance institutions is estimated at less than 0.9%.
In terms of the level of participation by country, Cameroon comes far ahead with 73.4% of total subscribers, Equatorial Guinea is far behind with 9%, followed by Congo (8%), Chad (4.7 %), Gabon (3.5%) and the Central African Republic (0.12%).
For the president of BDEAC, this mobilization of subscribers testifies to the confidence that the bank has been able to restore with its partners and the dynamics of the community financial market. The operation was a real test for this community institution, which has undergone numerous reforms over the past three years.
“The bond loan that we have launched is not only a financial operation, but also a socio-economic development operation for the Central Africa sub-region. (…) We are counting on ourselves to boost the development of our sub-region, ”said Fortunato-Ofa Mbo Nchama, adding that this first operation made it possible to mobilize savings, to encourage the commitment of the citizens of the sub-region. -region for development and to enhance the available capital.
As for the credibility of the operation, the head of the bank affirms that it took place under the supervision of the financial gendarme of Cémac, the Central African Financial Market Surveillance Commission (Cosumaf) and approved by the shareholders of the bank who were initially hesitant given the subscription period was chosen and the amount of 100 billion CFA francs to be mobilized.
It should be noted that after this first bond loan operation, BDEAC promises to launch a second operation this year and a third in 2022. This recourse to the community financial market is part of the bank’s 2017-2022 Strategy Plan. For this, it benefits from the support of a consortium of brokerage firms approved by Cosumaf, namely Afriland Bourse et Investissement, UPLINE securities.
