Gabon : Asca selected for the placement of a new bond worth XAF 100 billion.

In the investment syndicate of its new five-year bond issue, and worth XAF 100 billion, with a 6.5% interest rate, the Gabonese government has It’s all about Attijari Securities Central Africa (Asca), we learn officially.

This financial asset management company, created in Cameroon in February 2016 by the Moroccan banking group Attijariwafa, will help mobilize financing requested by the Gabonese government, alongside other financial institutions such as BGFI Bank, BGFI Exchange, UBA Gabon, UGB or BICIG.

Subscriptions for this public offering launched by the Gabonese State on the Central African Financial Market (Bvmac), based in Libreville, the capital of Gabon, will take place from 17 to 30 November 2017.

Source: Business in Cameroon