Republic of Gabon buys bonds worth FCFA 175 billion at BVMAC

BY NDUMBE BELL JOSEPH GASTON IN DOUALA Twin transactions negotiated and facilitated at the Central African Stock Exchange (BVMAC), for the State of Gabon’s bonds worth the value of FCFA 175 billion at an interest rate of EOG 6.25% net 2022-28 and the newly quoted subsidiary Re-Insurance Commercial Company of Gabon whose shares were bought at a total value of FCFA 5 billion, were the focal points of the ceremony that was massively attended by regional economic investors in CEMAC, heads of enterprises and senior administrators of banks, Cosumaf, CIMA, employers associations, insurance companies and a host of others. Expressing…