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Securitization of receivables: The listing of Sonatel bonds set for May 22

03/05/2024
Source : ORISHAS-FINANCE
Categories: Companies

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The managers of the Bourse Régionale des Valeurs Mobilières (BRVM) announced that the first listing on the BRVM of bonds resulting from mutual funds for debt securitization (FCTC) entitled <> and “FCTC Sonatel C-2 6.60% 2023-2030 admitted to the bond compartment” will take place on Wednesday, May 22, 2024.

< FCTC Sonatel C-1 6,40% 2023-2028>

As part of the execution of its strategy and taking into account sectoral developments, strengthened competition in its various markets and regulatory aspects, Sonatel intended to pursue its investment policy in order to continue its growth, boost its growth drivers and diversify its economic model. Thus, in its search for innovative financial mechanisms appropriate to its activity, this telecommunications company had opted for the securitization of

receivables.

It is in this sense that the Invictus Capital & Finance consortium and KF Securitization successfully mobilized resources on the UEMOA financial market through bonds arising from debt securitization mutual funds FCTC Sonatel C-1 6.40% 2023-2028 and FCTC Sonatel C-2 6,2028 and FCTC Sonatel C-2 6,2028 60% 2023-2030.

It was during the period from December 14, 2023 to January 12, 2024 that the distribution of these titles to the public took place at the price of 10,000 FCFA per bond.

At the end of this operation, 6,000,000 FCTC Sonatel C-1 6.40% 2023-2028 bonds and 1,500,000 FCTC Sonatel C-2 6.60% 2023-2030 bonds and 1,500,000 FCTC Sonatel C-2 6.60% 2023-2030 bonds were subscribed on the regional financial market for a total amount of 75 billion CFA francs. The date of enjoyment of these titles was set at January 19, 2024

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