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WAMU financial market: Oragroup SA is looking for 50 billion FCFA in bond loans

23/09/2021
Categories: Index/Markets

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Oragroup 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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