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The BRVM has admitted to its listing the largest private bond issue ever carried out

16/09/2020
Source : news.abidjan.net
Categories: Economy/Forex

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The Regional Stock Exchange (BRVM) admitted to its listing, on Tuesday, September 15, 2020, the bond issue, of the National Telecommunication Company of Senegal (SONATEL) called "SONATEL 6.50% 2020-2027", for an amount of 100 billion CFA francs, indicates a note from the Stock Exchange sent to the AIP.

This entry comes after the issuance of a bond issue by public offering on the WAEMU regional financial market in July for an amount of 100 billion CFA francs. SONATEL has had the securities admitted to the bond compartment of the BRVM under the symbol SNTS. O2.

This successful issue in the midst of the COVID-19 crisis is a strong signal from regional and international investors to show their confidence in the resilience of member countries' economies, particularly in the robustness of the fundamentals of our large companies.

SONATEL is the first market capitalization of the BRVM share market with more than 1,215 billion CFA francs as of September 11, 2020. For the Director General of the BRVM and the DC/BR, Dr. Edoh Kossi Amenounvé, this loan confirms SONATEL's desire to constantly strengthen its infrastructure in order to offer innovative and high-quality products and services to the populations for a more inclusive economic and social development.

He congratulated the leaders of SONATEL for their vision and dynamism before adding that "the BRVM is a source of opportunities for the WAEMU private sector which should be more interested in it for a better creation of wealth for the populations of the Union who aspire to a more accelerated development. elevated and more inclusive.

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