Bank & Insurance
Republic of Congo’s 120bn CFA franc bond issue: EDC (Ecobank) dots the i’s and crosses the t’s

Republic of Congo’s 120bn CFA franc bond issue: EDC (Ecobank) dots the i’s and crosses the t’s

Ecobank’s investment banking arm has provided details about the bond issue ahead of its launch next month, after articles published in the African press asserted that the country is experiencing cash flow problems.

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            ▪ Republic of Congo’s 120bn CFA franc bond issue: EDC (Ecobank) dots the i’s and crosses the t’s

▪ Ecobank’s investment banking arm has provided details about the bond issue ahead of its launch next month, after articles published in the African press asserted that the country is experiencing cash flow problems.

http://www.jeuneafriquebusinessplus.com/en/804815/emission-obligataire-de-120-milliards-f-cfa-du-congo-edc-ecobank-met-les-points-sur-les-i/

25/06/2020 at 22h08, by Jeune Afrique Business+, updated 26/06/2020

The 120bn CFA franc issue of fungible Treasury bonds by the Republic of Congo – for which EDC, once again lead manager, is currently soliciting the help of SCB, a subsidiary of Attijariwafa Bank, alongside BGFI, BSCA, Ecobank, Credit du Congo and UBA, among others – is intended to refinance a previous bond issue carried out in 2016 and set to mature in 2021.

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