After the notice of non-objection of the Regional Council for Public Savings and Financial Markets (Crepmf) and the agreement of the Regional Stock Exchange (Brvm) and the Central Depository/Bank of Settlements (Dc/Br) , the bonds called "Sonatel 6.50% 2020-2027" were admitted to Brvm listing in the bond compartment on Tuesday, September 15, 2020 under the symbol SNTS.O2.

According to a press release from the telecom company, the securities are available for purchase and free sale on the secondary market through authorized intermediaries. The first fixing took place today at 9.45 a.m.

“As a reminder, this second Sonatel bond loan was authorized under visa number: EOP/20-01 by the Regional Council for Public Savings and Financial Markets (CREPMF) for a sought-after amount of 100 billion FCFA. It gave rise to the issue of 10,000,000 dematerialized bonds at a unit price of 10,000 FCFA with a maturity of 7 years at a gross annual interest rate of 6.50% and amortized half-yearly after two (02) years of deferred on the capital”, adds the same source.

The operation is to date the largest bond issue by a private company in the Umoa region and was a great success with investors through an oversubscription of 122% ( ) and thus an early closing on July 8, 2020. Resources raised will be used to finance the Sonatel Group's investment plan in Senegal for the 2020 financial year. Sonatel Bonds, and thank the authorities of Uemoa, the regulator Crepmf and the Brvm Dc/Br, as well as the investors who continue to trust the Sonatel Group.

He affirms that the commitment is renewed to help make these placements a success for the subscribers”.

For Edoh Kossi Amenounve, Managing Director of Brvm and Dc-CBr, “this transaction has proven the resilience of Brvm as well as the depth of the regional financial market during these times of crisis.

The success of an operation of this scale sends a strong signal to businesses in the area, showing that the regional financial market is a means to be looked at with much more attention in order to diversify their sources of long-term financing. »

Ababacar Diaw, managing director of Sgi Impaxis, arranger and lead manager of the operation, indicated that "in addition to the liquidity offered to holders of Sonatel Bonds, the listing offers an opportunity to investors who could not be used to acquire a security presenting an attractive risk-return ratio.