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Cameroon: Afriland, Société Générale, BGFI and Usca In The Running to Structure 2022 Bond Issue

Bank notes

These 4 co-arrangers are offering a record underwriting of 180.50 billion, i.e. a coverage rate of 90% of the amount before the opening of subscriptions to other institutional investors.

BGFI Bourse, Afriland Bourse & Investment, Société Générale Capital Securities Central Africa SG-Capital and Upline Securities Central Africa Usca, a subsidiary of Bicec are in the running to accompany the State of Cameroon in its operation to raise F200 billion on the CEMAC financial market next May.

The 4 stock exchange companies were selected following a call for tenders launched on March 25 by the Cameroonian Minister of Finance.

These four brokerage firms were selected from among the seven that subscribed to the government’s call for proposals, launched on 25 March by the Cameroonian Minister of Finance.

The above-mentioned service providers, if selected, will have to ensure the smooth running of the issue and its placement on the primary market, as well as the liquidity of the resulting security on the secondary market of the Central African Stock Exchange (Bvmac); carry out the assembly and structuring of the loan according to the best practices in the field; determine all its essential characteristics.

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