Central Africa Stock Exchange Enlists FCFA 115 Billion Bonds

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Central Africa Stock Exchange Enlists FCFA 115 Billion Bonds

21 mars 2022 18:08

Governor Dieudonné Ivaha Diboua oversaw the ceremony to launch the first BDEAC’s 5.60 per cent net bond.

T he Central Africa Stock Exchange based in Douala, Cameroon, has listed a new FCFA 115 billion bonds from the Development Bank of Central African States (BDEAC). The new bonds with a 5.60 per cent net interest went into effect from the date of its official launch in Douala on March 11, 2022 paving the avenue for its purchase until 2028. The Governor of the Littoral Region, Dieudonné Ivaha Diboua, oversaw the launch ceremony that was attended by representatives from the Central African Financial Market Supervisory Commission, BEAC, heads of Central African financial market structures, credit institutions, insurance, companies, stock exchange companies and asset management companies. «This issue, which consolidates the position of the Development Bank of Central African States as a benchmark issuer in our regional financial market, was just as successful as its predecessors. This is a testimony to the quality of the issuer’s signature, but above all to the strengthening of it’s reputation among regional investors,» Louis Banga Ntolo, Managing Director of Central Africa Stock Exchange, said in his keynote address.

The bonds are available for purchase from banks, insurance companies and other structures as found on the Central Africa Stock Exchange and Consumaf websites. According to the Vice President of BDEAC, Marcel Ondele, the...