InicioHighlightedBDEAC issues XAF 100 billion bonds through a public savings offering in...

BDEAC issues XAF 100 billion bonds through a public savings offering in the Central African market

Bonds through a public offering of savings called “BDEAC 5.45% NET 2020-2027” with a nominal value of 10 000 XAF, will be issued in the financial market of Central Africa with a fixed interest of 5.45% net. This operation has been registered by COSUMAF under number APE-05/20. The subscription period has been set from December 21 to 29, 2020, indicates the Development Bank of Central African States (BDEAC).

The president of the Development Bank of Central African States (BDEAC), Fortunato OFA MBO NCHAMA, communicates to the investment community of the CEMAC member countries that the institution chaired by him will launch a bond issue through a public offering of savings called “BDEAC 5.45% NET 2020-2027” in the financial market of Central Africa. This operation has been registered by COSUMAF under number APE-05/20.

The subscription period has been set from December 21 to 29, 2020. This period may be extended or reduced following the opinion of the Central African Financial Market Supervision Commission (COSUMAF).

The bonds issued by the BDEAC have a fixed interest rate of 5.45% net during the term of the loan with a duration of 7 years, with an issuance of 100,000,000,000 (one hundred billion) of FCFA in securities with a nominal value 10,000 (ten thousand). The minimum subscriptions amount to 15 (fifteen) bonds, payable by all natural or legal persons resident or non-resident in CEMAC. The securities issued at the end of this operation will be listed on the Central African Stock Exchange within a period of 1 (one) month from the end of the subscription period.

Interest will be paid annually beginning on the first anniversary of the loan maturity date. The capital will be amortized in a linear manner each year after a period of two years of deferral.

The BDEAC reserves the right to redeem your securities from the end of the deferral period in accordance with market conditions. Said redemptions will not affect the subscriber who wishes to maintain their securities until normal maturity, nor will they have any impact on the initial amortization schedule. The redeemed bonds will be canceled.

The operation has been implemented by the Consortium of joint management companies of Afriland Bourse & Investissement, Upline Securities Central Africa and Société Générale Capital Securities Central Africa, with the authorization of COSUMAF, after receiving the mandate from BDEAC on December 2, 2020.

The funds raised will be used to finance public and private sector projects with the relevant resources related to maturity, deferral and interest rates. In addition, these funds will finance the implementation of priority integration projects of the CEMAC Regional Economic Program, in local currency. Said projects will affect the following sectors: the education sector, services and tourism, agricultural industry, agricultural industry, financial sector, health sector, transport sector, energy sector, telecommunications sector, water and sanitation sector.

Si desea adquirir bonos, diríjase a los miembros del sindicato de comercialización: Afriland Bourse & Investissement; Afriland First Bank; ASCA (Attijari Securities Central Africa); BICEC; Commercial Bank – Cameroun; CBC Bourse ; Commercial Bank – Tchad ; CBT Bourse; EDC Investment Corporation; FINANCIA CAPITAL; LCB Capital ; SG Capital Securities Central Africa ; SG Cameroun; SG Guinea Ecuatorial; UPLINE Securities Central Africa (USCA).

It should be remembered that, since its creation, the Development Bank of the Central African States has worked in favor of the growth and economic integration of the states of that region, financing strategic sectors, development infrastructures and innovative projects that pursue the objective of diversifying their economies.

For more information, see the information document available HERE.

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