Gabon selects Attijariwafa Bank to arrange a XAF100 bln fungible bond
Tuesday, 25 June 2019 15:19
The government of Gabon has chosen Attijari Securities Central Africa (ASCA), subsidiary of Moroccan Attijariwafa Bank, to arrange its public offering on the capital market in H2 2019, sources revealed.
The country seeks XAF100 billion with an interest rate of 6.25% for a 5-year period of maturity to interested investors. ASCA's involvement comes within the framework of a mandate to structure, centralize and place the public securities to be issued.
Gabon is also considering requesting a derogation from the Central African Banking Commission, so that the advances to be granted by commercial banks are weighed at zero percent.
Idriss Linge
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