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BDEAC raises 107 billion FCFA on the CEMAC financial market

05/01/2021
Source : financialafrik.com
Categories: Economy/Forex Companies

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This amount comes from the bond loan issued between December 21 and 29, 2020 by the Development Bank of Central African States (BDEAC) by Public Call for Savings (APE) on the sub-regional financial market.

For an initial amount of 100 billion FCFA, this public call for savings "BDEAC 5.45% NET 2020-2027" was a success, since it was able to mobilize nearly 107 billion FCFA (about 200 million dollars USD) of subscriptions with the participation of financial players from the six countries of the Economic and Monetary Community of Central Africa (CEMAC).

The mapping of subscribers places the banks largely in the lead with 88 billion mobilized, or 82.4% of all savings; insurance companies 8.2 billion, which represents 7.7% of subscriptions; then, natural persons 5.6%; Asset managers 1.9%; other legal entities: 1.4% and microfinance establishments 0.9%.

This raising of funds on the local financial market will make it possible to reduce the recourse to the resources of the international market and to reduce the transfer of the currencies occasioned by the refunding of the external loans indicates the BDEAC, from where the congratulations addressed to the "Consortium of the Companies de Bourse, the Syndicat de placement as well as the community of investors for their mobilization which led to the success of this bond loan organized in such a short time.

The funds mobilized will be used to finance private and public sector projects, among others, education, services and tourism, agro-industry, agro-pastoral, finance, health, transport , energy, telecommunications, water and sanitation and will finance the implementation of priority integration projects of the CEMAC Regional Economic Program (PER).

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