The Development Bank of Central African States (Bdeac) has exceeded its expectations for the launch of the second tranche of its three-year public bond issue program.
Named BDEAC 5.60 percent Net 2021-2028, the operation of the Development Bank of Central African States (Bdeac) took place from 15 November to 2 December 2021. According to a statement of the financial institution received Wednesday by APA, it has raised about 115 billion CFA francs against an initial target of 100 billion CFA francs.
“This performance is exceptional because it is better than the one obtained a year ago (CFA 107 billion), but also because it took place in a more competitive environment with the issuance of bonds of the states of the sub-region on the same market,” the document said.
According to BDEAC, the oversubscription of nearly 15 billion CFA francs reflects above all “the positive appreciation that investors and savers have for the quality of (its) signature.”
With such a reputation, the Development Bank of Central African States has even recorded “subscriptions outside the zone,” which means that “its influence now goes beyond” the Economic and Monetary Community of Central Africa (CEMAC).
“The quality of the contributions received also confirms (our) current positioning as a major player and federator on the sub-regional financial market. Indeed, subscribers include non-banking legal entities, banking and financial institutions, and individuals,” Fortunato-Ofa Mbo Nchama, BDEAC’s President said.
Moreover, Mr. Nchama said, the recurrence and quality of their bond issues constitute a privileged channel for recycling and enhancing the value of household savings, thus indirectly involved in financing the real economy of the zone.
ID/fss/abj/APA