The Société Nationale des Hydrocarbons du Burkina Faso (SONABHY) raises 30 billion CFA francs (53.6 million dollars) through a bond issue backed by the securitization of receivables.

The funds raised will be used to finance new hydrocarbon storage facilities. The bonds, which have a term of six years, are offered to the public at a price of 10,000 CFA francs per bond, with a gross annual interest rate of 8.1%. Subscriptions take place from July 21 to September 19, 2025. The issue is partially guaranteed by the State, which has undertaken to repay 100% of the capital and 74% of the interest. The capital will be repaid semi-annually after a grace period of one year. A listing on the BRVM is expected. SONABHY, which generated 1,442.95 billion CFA francs in revenue in 2024, is a key contributor to public finances and to the energy supply chain in Burkina Faso

The SONABHY transaction reflects a growing trend in West Africa, namely the use of securitized public sector debt to finance infrastructure. By guaranteeing most of the capital and interests, Burkina Faso reduces the risk for investors and frees up domestic capital for energy security. Faced with the continuing volatility of fuel prices, countries are turning to strategic reserves to reduce their dependence on imports.