BVMAC raises bonds for the state of Gabon worth FCFA 80billion

By Ndumbe Bell Joseph Gaston in Douala The Central African Stock Exchange (BVMAC) has raised bonds issued by the State of Gabon coined as “EOG multi-tranche 2024-2030”. The bonds which amounted to over FCFA 80 billion to mature in 2030, contained three maturity periods of 3, 4 and 6 years with three annual interest rates of 6.06 per cent, 6.75 per cent and 7.75 per cent respectively. This package was raised within November 27, 2024 to February 15, 2025. In his keynote address, the CEO, Louis Banga Ntolo, in the absence of the Board Chair of the Stock Market (Henri-Claude…