A petroleum products distribution company has launched a bond offering worth 30 billion FCFA through a public offering, the third of its kind after 2012 and 2013. It was Tuesday, December 6, 2022 at the Regional Securities Exchange (BRVM), in Abidjan.

The bond issue launched on Tuesday is divided into three million bonds, with a nominal value of 10,000 FCFA, paid at an annual interest rate of 6.85% over a seven-year period (22/2029). According to managing director Sébastien Kadio-Morokro, it aims to optimize the company's financial resources by offering the financing of certain projects adopted in the investment plan and the partial refinancing of existing debt.

Indeed, the funds raised from the subscription of this bond will allow the company to develop and undertake projects outside Côte d'Ivoire. This operation, declares the CEO of Petro Ivoire, “is a lever on which the company will be able to capitalize on to ensure its development”. He adds that the leader of management and intermediation companies (SGI) for this loan is Société Générale Capital Securities West Africa.