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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOragroup SA is looking for an amount of 50 billion FCFA through the launch of a bond loan by public call for savings called "Oragroup 7.15% 2021-2028". The launch of subscription operations will be effective from October 4, 2021.
According to Oragroup SA officials, 70% of the amount requested will be used to refinance the debt, 20% for the commercial development of the subsidiaries and 10% for strategic projects. The first phase of its strategic orientation consisted in building an integrated group. The second aims to ensure the group's profitability with strong growth. The 2020-2024 projections are part of a transition between the 2nd phase and the long-term vision. The price of the bond is fixed at 10,000 FCFA. The maturity of the operation is 7 years covering the period 2021-2028. To ensure the success of the operation and attract investors, Oragroup offered a fairly attractive interest rate of 7.15%. As for the amortization of the capital, it will be done half-yearly after two years of deferred.
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