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Bvmac financial market: BDEAC carries out its first listing of shares

08/08/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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On Wednesday, August 7, 2024, the Development Bank of Central African States (BDEAC) conducted the first listing of bond debt securities launched since March 2024.

The bonds 6.20% - 5.95% - 4.70% net 2024-2031 are now on the financial market of the Central African Securities Exchange (Bvmac). The listing of these bonds has successfully raised more than 50 billion CFA francs. These funds are necessary to finance the “Azobé” plan, which is the cornerstone of the strategic objective of developing Central Africa by 2027. According to Dieudonné Evou Mekou, President of BDEAC, the presentation of the BDEAC bond loan (6.20% - 5.95% - 4.70%) net 2024-2031 by the lead arranger, Contracturer Capital, will further reassure investors present on the scope of

the fundraising.

Dr Louis Banga Ntolo, managing director of Bvmac emphasized that “coming to the listing makes it possible to make the title publicly available. We have a platform where the title is now referenced. Prior to today's ceremony, it was almost impossible to know how to acquire the issuer's bonds issued in 2024 as part of the multi-tranched transaction. For asset managers, this gives them an additional underlying asset that they can put into their mutual funds.”

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