The Development Bank of Central African States (BDEAC) presented its “BDEAC 5.45% NET 2020-2027” bond loan on December 22 in Libreville. An operation for which the subscription period is scheduled from December 21 to 29. It will make it possible to raise a minimum amount of 100 billion CFA francs to finance integrative projects in CEMAC.
Initiated by the Central African States Development Bank (BDEAC), the public call for savings called “BDEAC 5.45% NET 2020-2027” was presented on December 22 in Libreville. This bond loan aims to raise a minimum amount of CFAF 100 billion from households, private or public companies and institutional investors. According to the institution, the subscription period is scheduled for December 21 to 29, and may be extended after consultation with the Central African Financial Market Surveillance Commission (Cosumaf).
“The bonds issued by BDEAC bear interest at the fixed rate of 5.45% net over the term of the loan which is seven years, for an issue of 100 billion FCFA at the rate of 10,000 CFA the value of ‘a title. The minimum subscriptions amount to 15 bonds (150,000 FCFA), which can be collected by all natural or legal persons, whether or not resident in Cemac “, explained the president of BDEAC. “Interest is paid annually from the first anniversary date of the loan maturity date. The capital will be amortized on a straight-line basis every year after two years of deferral ”, added Fortunato-Ofa Mbo Nchama.
The transaction is arranged by the consortium of co-lead brokerage firms Afriland Bourse & Investissement, Upline Securities Central Africa and Société Générale Capital Securities Central Africa. “The BDEAC insisted that the entry ticket be reduced, because we tended to set it at one million CFA francs,” said the general manager of Société Générale Capital Securities Central Africa and representative of the consortium. “The idea of the banking institution was to set up a popular operation aimed at the masses at the CEMAC level, for inclusive finance, participation in development,” said Louis Banga Ntolo.
Since its creation, the BDEAC has financed key sectors, development infrastructures and innovative projects aimed at diversifying the economies of CEMAC countries. The funds mobilized by the “BDEAC 5.45% NET 2020-2027” bond loan will thus be used to finance the implementation of priority projects integrating Cemac’s regional economic program, in local currency. These projects will particularly impact the education, service and tourism, agro-industry, finance, health, transport, energy, telecommunications and sanitation sectors.
