SNPC has initiated engagement with investors in Cameroon and Gabon to present its SNPC 6.5% Net 2024-2029 public bond offering. The bond, closing on February 27, aims to raise $167 million for drilling activities as part of a broader $5 billion investment plan. A Congo Economic & Investment Forum is also scheduled for March 2025 to promote national energy and infrastructure opportunities.
The parastatal Société Nationale des Pétroles du Congo (SNPC) from the Republic of Congo has engaged with investors in Douala, Cameroon, and Libreville, Gabon, to present its public bond offering aimed at attracting regional investment. The bond, known as SNPC 6.5% Net 2024-2029, has received approval from the Central African Financial Market Supervisory Commission and is scheduled to close on February 27. SNPC executives underscored the issuance’s strategic importance for expanding the company’s investor base and securing funding for essential projects.
As part of its Performance 2025 growth initiative, SNPC plans to raise $5 billion in the regional financial market to facilitate investments in energy and infrastructure. The current bond offering is the initial phase, with a target of $167 million specifically for drilling activities and enhancing national production capacity. With an annual interest rate of 6.5% and a five-year maturity until 2029, this bond is accessed through syndicate members including LCB Capital and BGFI Bourse.
An upcoming event, the inaugural Congo Economic & Investment Forum, is scheduled for March 24-26, 2025, in Brazzaville, under President Denis Sassou Nguesso’s patronage. This forum, supported by the Ministry of Hydrocarbons and SNPC, aims to connect international investors with local stakeholders to discuss national and regional opportunities in energy and infrastructure. The forum will highlight the latest developments in gas-to-power projects and provide progress updates on various expansions across the country.
In conclusion, SNPC’s initiative to issue public bonds seeks to enhance funding for critical projects within the framework of its Performance 2025 plan, aimed at raising substantial investment in energy and infrastructure. The bond offering represents a strategic move to widen its investor base while the upcoming Congo Economic & Investment Forum presents additional opportunities for collaboration in the regional energy sector.
Original Source: energycapitalpower.com
