The bond issue of the Autonomous Port of Dakar (PAD) is now listed on  the Abidjan Stock Exchange. The first listing ceremony took place on December 18 in Dakar in the presence of the Director General of the BRVM, Dr. Edoh Kossi Amenounvé and the Director General of the PAD, Aboubacar Sadikh BEYE. 

The loan "PAD 6.60% 2020-2027", for a sought-after amount of 60 billion CFA Francs,  was subscribed  at 158% and closed  early, demonstrating as the CEO of the BRVM had to recall,   "the confidence of investors in the quality of the signature of the Autonomous Port of Dakar (rated A- by the WARA agency) and the depth of the market. 

Beyond that, this operation is a testimony to the confidence of investors in the development model of the PAD, the quality of the signature of the State of Senegal, guarantor of the operation, and the attractiveness of the WAEMU.

Subscribers come from several  countries (South Africa, France, the United Arab Emirates etc.) outside the WAEMU. Individuals participated for about 9% of the operation.

The funds are intended to build a new Port in Senegal 70km from Dakar, that of Ndayane.

This operation is the third carried out by the PAD (2004, 2010 and 2020) on the Regional Financial Market. A step towards the IPO?