The telecommunications group Sonatel is positioned on the bond market of the West African Economic and Monetary Union (UEMOA) for an amount of 100 billion CFA francs. The loan will be used to finance the telecommunications company's 2020 investment plan.

As part of the financing of its 2020 investment plan in Senegal, the Sonatel group is seeking a visa on the bond market of the West African Economic and Monetary Union for an amount of 100 billion CFA francs.
According to a press release from the telecommunications company, the investment program financed by this bond loan will be dedicated to investments in infrastructure to support the Voice segment, the acceleration of the main growth drivers and the launch of new businesses (energy, banking, multimedia content). Through this bond loan, Sonatel also wants to continue the modernization and extension of its network, while strengthening the pioneering role of the group in terms of innovations and technologies in the telecommunications sector.
The bond loan was approved by the Regional Council for Public Savings and Financial Markets (Crepmf) for the issue of 10 million bonds at a unit price of 10 thousand CFA francs. According to the Sonatel press release, this loan will be amortized over a maturity of seven years at a nominal interest rate of 6.50%/year. The subscription period opened yesterday is expected to last 30 days (July 15-15, 2020).
“In the procedure for obtaining this visa, Sonatel, as an issuing company on the Regional Financial Market (Mer), has been granted the best rating for a private issuing company within the Uemoa zone to date: l 'Investment grade', informs the press release. According to the same source, the issuer is also the first private company in terms of turnover in the region and has an exceptionally low credit risk in an economic context punctuated by uncertainties, a strong capacity to honor short- and long-term debt service and governance that meets the best international standards.
For the preparation and the realization of this bond loan on the regional financial market of UEMOA, Sonatel has mandated the management and intermediation company Impaxis as arranger and leader.