The pan-African banking group Oragroup obtained this Tuesday, August 13, 2019 the guarantee of the African guarantee
fund (Agf West Africa) for a forthcoming issue of commercial paper for an amount of 35 billion
CFA francs.
According to AllAfrica, which provides the information, the signing of the agreement between Oragroup and AGF West Africa was
carried out the same day in Lomé (Togo). This note issue operation for an amount of 35 billion
FCFA will be launched on the regional market of UEMOA subject to the approval requested from the
BCEAO.
This new issue of commercial paper with a maturity of 2 years with a remuneration of 6.1% per year,
had as co-arrangers the management and intermediation companies, Cgf Bourse and Sgi Togo. The operation
will be 100% covered by Agf West Africa.
"This guarantee from Agf West Africa reflects a mark of strong confidence in Oragroup, its performance
financial resources, its development model and its growth strategy which have materialized
recently with our IPO last April for 20% of the capital, i.e. a lifting
in the regional financial market of 56.92 billion CFA francs (86 million euros) and the largest
operation never carried out at the Brvm”, declares Ferdinand Ngon Kemoum.