CEMAC: BDEAC is preparing the second bond issue on the regional financial market

The President of the Central African States Development Bank (BDEAC), Fortunato Ofa Mbo Nchama.

The countries of the Economic and Monetary Community of Central Africa (CEMAC) turned towards the revival of post-Covid-19 activity need funding to find the path to growth. Faced with an ever-increasing demand for financing, the Development Bank of Central African States (BDEAC), announces the launch of a bond loan of 100 billion FCFA on the sub-regional market. This public offering (APE) comes one year after the previous loan of 100 billion FCFA called “BDEAC 5.45% Net 2020 – 2027” which had made it possible to mobilize nearly 107 billion FCFA (196 million dollars ) during the subscription period from December 21 to 29, 2020.

The new operation expected on the financial market of Central Africa is part of a global financing plan of CFAF 300 billion, approved by this bank for the three-year period 2020-2022. “We have carried out a very successful first phase of. For this year 2021, we are already working on the 2e phase, which will also cover 100 billion FCFA ”, indicated the president of BDEAC, Fortunato-Ofa Mbo Nchama. While it is true that the success of the first operation would be likely to encourage the development bank to solicit sub-regional savings to advance community development in this part of the continent, “we realize that requests are increasing. , exponentially, not only for states, but also for the private sector. Given our reputation, we no longer have the right to no longer respond to these requests. This is why we will continue to mobilize resources, ”he said.

While waiting for the main characteristics of this loan to be published, everything suggests that the funds mobilized will be used, as in the previous operation, for the implementation of priority integrating projects of the CEMAC Regional Economic Program (PER) to which several will be added. development projects in sectors as varied as agriculture, water, energy, transport and telecommunications. This is why “we think that investors will find better conditions in this bond loan from the BDEAC. And we think that all the offers have their place in this community market and that the answers will depend on the criteria of the investors ”, declared the president of the BDEAC, convinced that the States and the private sector have an interest in promoting this model of funding.

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