Congo’s SNPC Engages Investors in CEMAC Region for Bond Issuance
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The Republic of Congo’s parastatal Société Nationale des Pétroles du Congo (SNPC) has met with investors in Douala, Cameroon and in Libreville, Gabon to present the objectives of its public bond offering and encourage participation from regional investors.
The bond – titled, SNPC 6.5% Net 2024-2029 – has been approved by the Central African Financial Market Supervisory Commission and is set to close on February 27. During the meetings, SNPC executives highlighted the strategic importance of the issuance in expanding the company’s investor base and securing financing for key projects.
As part of its Performance 2025 growth plan, SNPC aims to raise $5 billion through the regional financial market to support investments in energy and infrastructure. The current offering represents the first phase, targeting $167 million to fund drilling activities and boost national production.
With a 6.5% net annual interest rate and a five-year maturity until 2029, the bond is available through placement syndicate members, which include LCB Capital, BGFI Bourse, Premium Capital Securities, Elite Capital Securities and EDC Investment Corporation.