The bond bond of the Port Autonome de Dakar (PAD) is now listed on the Abidjan Stock Exchange. The first listing ceremony took place on December 18 in Dakar in the presence of the Director General of the BRVM, Dr. Edoh Kossi Amenounvé, and the Director General of the PAD, Aboubacar Sadikh BEYE.

The “PAD 6.60% 2020-2027” loan, for a sought amount of 60 billion CFA francs, was subscribed to at 158% and closed in advance, demonstrating, as the CEO of the BRVM pointed out, “the confidence of investors in the quality of the signature of the Dakar Autonomous Port (rated A- by the WARA agency) and the depth of the market.

Moreover, this operation is a testimony of the confidence of investors in the PAD development model, the quality of the signature of the State of Senegal, guarantor of the operation, and the attractiveness of UEMOA.

Indeed, subscribers come from several countries (South Africa, France, the United Arab Emirates, etc.) outside UEMOA. Individuals participated in about 9% of the operation.

The funds are intended to build a new port in Senegal 70km from Dakar, that of Ndayane.

This operation is the third carried out by PAD (2004, 2010 and 2020) on the Regional Financial Market. A step towards an IPO?