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2nd securitization mutual fund issue: Sonatel receives $41.5 million from a South African fund manager

25/01/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Dans le cadre de la deuxième émission de son fonds commun de titrisation d' un montant Overall of 75 billion CFA francs, the Sonatel group received an investment of $41.5 million.

The telecommunications group listed on the Regional Stock Exchange (BRVM) and based in Dakar, Senegal, has mobilized 23.5 billion FCFA (about 41.5 million dollars) from Emerging Africa Infrastructure Fund (EAIF) from Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One based in London and Johannesburg. This second issuance of a securitization mutual fund by Sonatel marks a significant advance for the telecommunications sector in West Africa. The transaction was structured in partnership with Invictus Capital & Finance and KF Securisation, acting respectively as a management and intermediation company and a mutual fund management company for debt securitization.

This securitization mutual fund issue comes at a time when Sonatel is celebrating the 25th anniversary of its listing on the BRVM.
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