Honourable Calixte NGANONGO launches the debenture loan quotation for Congo in Libreville
04 Apr, 2017
The amount of 192, 304 billion CFA francs, with an additional amount of 42 billion out of the amount requested, provides the Congolese government with a breathing space.for the development plan of the country.
It was on the occasion of the official launching of the debenture loan quotation called « EOCG 6,5% NET 2016-2021 » on April 4, 2017 at the headquarters of the Stock exhange of Central Africa (BVMAC) in Libreville that people knew about the successfulness of this important financial transaction. The financial transaction was launched by the Republic of the Congo on December 15 last year.
Out of the initial amount of150 billion CFA francs requested, 192 billion CFA francs have been mobilized.
,
Given the result, Honourable Calixte NGANONGO, Congolese Minister of Finance, budget and public portfolio, was happy about the successfulness of the transaction for his country, contrary to what pessimistic people thought : «Launched for an initial amount of 150 billion CFA francs, the debenture loan « EOCG 6,5% net 2016-2021 » was for 28,20 %. An amount of 192 billion CFA francs has been mobilized on the regional market. As a first experience, this shows the good signature of Congo».
The loan will allow Congo to go on with its development plan underway for years now :« to diversify its sources of mobilization of funds for its development, for the first time, Congo
resorted to capital market by public issue» honourable NGANONGO said.
In fact, Congo has been involved in the modernization and building of its road, energy, health and social infrastructure for years: Ouesso-Sangmelima (at the border with Cameroun) and Obouya-Okoyo (at the border of Gabon) trunk roads, an industrial complex in Maloukou, building of 12 general hospitals in all departments ; building of public housing ; power dams of Imboulou and Liouesso...
This Tuesday's ceremony was about : Congo's listing on the Stock exchange of Central Africa (BVMAC) in order to secure the liquidity in bonds issued» honourable Calixte NGANONGO
said.
Many Gabonese, Congolese and sub-regional public figures and those from the business com-munity attended the ceremony. The financial transaction was registered by the financial market supervisory Committee of Central Africa (COSUMAL) under number COSUMAF-APE-03/16.
