The Republic of Congo’s SNPC has engaged investors in Douala and Libreville to present a bond offering with a 6.5% interest rate. The offering aims to raise $5 billion to support energy and infrastructure projects. SNPC executives detailed the importance of expanding their investor base during the meetings. Additionally, the Congo Economic & Investment Forum is scheduled for March 2025 to discuss further opportunities in these sectors.
The Republic of Congo’s state-owned enterprise, Société Nationale des Pétroles du Congo (SNPC), has convened meetings with investors in Douala, Cameroon, and Libreville, Gabon. The purpose of these meetings was to outline the goals of its public bond offering and solicit involvement from regional investors. The bond offering, titled SNPC 6.5% Net 2024-2029, has received approval from the Central African Financial Market Supervisory Commission and is scheduled to conclude on February 27.
Executives from SNPC emphasized the significance of this bond issuance for broadening the company’s investor base and securing essential financing for various projects. As part of its Performance 2025 growth strategy, SNPC aims to raise $5 billion from the regional financial market to into energy and infrastructure ventures. The current offering is the initial phase, with a target of $167 million designated to enhance drilling operations and elevate national production.
This five-year bond features an annual interest rate of 6.5% and is accessible through placement syndicate members, which include LCB Capital, BGFI Bourse, Premium Capital Securities, Elite Capital Securities, and EDC Investment Corporation. Furthermore, the inaugural Congo Economic & Investment Forum is set to take place from March 24-26, 2025, in Brazzaville, under the patronage of President Denis Sassou Nguesso. This forum, supported by the Ministry of Hydrocarbons and SNPC, will gather international investors and local stakeholders to discuss energy and infrastructure prospects.
The event will focus on exploring the latest developments in gas-to-power projects and will provide updates regarding various ongoing expansions throughout the Republic of Congo.
In conclusion, SNPC is actively engaging investors in Gabon and Cameroon to promote its bond offering, which is crucial for financing its ambitious growth plans in the energy sector. The bonds are aimed at raising funds for significant national projects, with a broader strategy to attract substantial investment by 2025. The upcoming Congo Economic & Investment Forum will further enhance investment opportunities in the region.
Original Source: energycapitalpower.com
