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CEMAC: BDEAC announces a bond loan of 100 billion FCFA

01/09/2021
Categories: Index/Markets

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The Central African States Development Bank (BDEAC) is preparing the second bond issue on the sub-regional market. With a value of 100 billion FCFA, the public call for savings (APE) comes one year after the previous loan of 100 billion FCFA called "BDEAC 5.45% Net 2020 - 2027" which had made it possible to mobilize nearly 107 billion FCFA (196 million dollars) during the subscription period from December 21 to 29, 2020.

The countries of the Economic and Monetary Community of Central Africa (CEMAC) focused on reviving post-Covid-19 activity need financing to return to the path of growth. Thus, the new operation expected on the Central African financial market is part of an overall financing plan of 300 billion FCFA, approved by this bank for the three-year period 2020-2022. While waiting for the main characteristics of this loan to be published, everything suggests that the funds mobilized will be used, as in the previous operation, for the implementation of priority integrating projects of the CEMAC Regional Economic Program (PER) to which will be added several development projects in sectors as varied as agriculture, water, energy, transport and telecommunications.

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