Lomé, December 08, 2021 – Orabank Togo is launching a receivables securitization transaction for a total amount of 25 billion CFA francs from December 08, 2021 to December 21, 2021. It thus becomes the first banking establishment in Togo to refinance itself on the WAEMU market through this mechanism.

This issue of a Common Securitization Fund called FCTC ORABANK 7% 2021-2026 consists of 2,500,000 bonds, with a nominal value of 10,000 FCFA, with a maturity of 5 years (60 months) and an annual rate of return of 7%.

Orabank Togo: innovative and attractive banking player

The first banking player in Togo to use this type of operation authorized since the WAEMU regulation of 2010, the FCTC ORABANK 7% 2021-2026 has obtained the approval of the Regional Council for Public Savings and Financial Markets (CREPMF) on November 25, 2021 under number FCTC/2021-02/CO-01-2021.

“We are happy to carry out this new securitization transaction with a benchmark bank in Togo, a subsidiary of a regional group. This demonstrates that securitization is becoming a real refinancing instrument for WAEMU banking players, in a context of implementation of the Basel 2 and Basel 3 regulations,” said Serge Tidiane Diop, Chief Executive Officer. of Africa Link Capital Structuring. For him, these arrangements allow financial institutions to diversify their sources of financing, to reduce their regulatory obligations and their balance sheet to, ultimately , lend more to companies. They also offer a diversity of cost-return-risk able to respond to different investor profiles.

Orabank Togo: partner of Togolese economic growth

The securitization of Orabank Togo's receivables will enable it to increase its financing capacity in order to meet the development needs of the Togolese market and that of the WAEMU zone. Orabank Togo intends to direct the funds that will be raised for SMEs. In order to increase the social impact of the bank in the areas of financial inclusion and the fight against poverty, the financing will give a special place to SMEs managed by women.

For Guy Martial AWONA, Managing Director of Orabank Togo, “ This operation marks Orabank Togo's desire to diversify its sources of financing to support the Togolese economy. We are thus joining forces with the Togolese government to meet the challenge of financing sustainable development within the framework of the National Development Plan (PND) launched since 2018 ”.

The public call for savings is open from December 9 to December 21, 2021 , to any investor, natural or legal person, residing in the WAEMU zone or abroad. The FCTC ORABANK 7% 2021-2026 will be managed by Africa Link Capital Titrisation, FCTC management company and leader in the WAEMU market in this area. The placement syndicate is made up of all the SGIs in the area and is led by the consortium made up of the SGIs NSIA Finance and SGI TOGO.

At the end of the subscription period, the FCTC will be the subject of a request for admission to listing on the BRVM.

About Orabank Togo

Orabank Togo is one of the subsidiaries of Oragroup, a pan-African banking group present in 12 countries and 4 monetary zones in West and Central Africa.

Orabank Togo is a major player in the Togolese banking system, in terms of balance sheet total, equity and profitability, with a solid financial position, which offers a wide range of products and services to a large and diversified clientele of individuals, companies (VSE/PE, SME/SMI), institutions, traders, liberal professions, etc. With a customer portfolio of more than 300,000 accounts, Orabank Togo supports the growth of its customers by relying on a workforce of 464 employees, a network of 40 branches, 230 fast money transfer sub-agents, 87 ATMs tickets and on a set of innovative omni-channel devices (internet, mobile and service platforms).

Orabank implements a daily strategy based on shared values, organized around structured and specialized customer lines to provide the best support.

In the era of digital transformation, our goal is to provide digital solutions that not only allow us to get closer to populations but also to give customers a 360° view of our assets. We also aim to create an environment that allows customers to renew their trust in us, to attract new customers to us and to make our employees effective relays. All this because our raison d'être is to "grow together and for Africa".

About AFRICA LINK CAPITAL GROUP (ALC)

The ALC Group has been operating since 2006 and specializes in the business of Investment Banking and Securitization (structuring and management of Mutual Funds for the Securitization of Debts “FCTC”).

As part of its diversification strategy based on innovation, the group occupies a strong position in three activities, namely Investment Banking with ALC, origination and arrangement of securitization transactions with ALC Structuration, and the management of FCTC with ALC Titrisation.

The ALC Group is made up of professionals with a recognized combination of financial know-how, operational and multi-sector skills as well as an excellent knowledge of African financial markets. He has concluded several transactions on behalf of governments, public and private companies operating in various business sectors (energy, transport, financial services, agro-industry, telecommunications, infrastructure, real estate, etc.).

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