SNPC engages with investors in Gabon and Cameroon for its bond issuance, aiming to raise $5 billion for energy and infrastructure projects. The bond, approved by relevant financial authorities, offers a 6.5% interest rate and targets $167 million initially. The Congo Economic & Investment Forum in March 2025 will discuss further investment opportunities in the energy sector.
The Republic of Congo’s state oil company, Société Nationale des Pétroles du Congo (SNPC), has held discussions with investors in Douala, Cameroon, and Libreville, Gabon to unveil its public bond offering and bolster regional investor participation. The bond, named SNPC 6.5% Net 2024-2029, has received approval from the Central African Financial Market Supervisory Commission and is scheduled to close on February 27. SNPC executives emphasized the issuance’s significance in broadening the company’s investor base and securing financing for crucial projects.
Under its Performance 2025 growth strategy, SNPC aims to raise $5 billion in the regional financial market to finance energy and infrastructure projects. The targeted bond offering seeks to generate $167 million in its initial phase to support drilling activities and enhance national production capabilities. The bond features a 6.5% net annual interest rate with a maturity period until 2029, and it is available through placement syndicate members such as LCB Capital, BGFI Bourse, and others.
The upcoming Congo Economic & Investment Forum, scheduled for March 24-26, 2025, in Brazzaville, will gather international investors and local stakeholders to investigate energy and infrastructure opportunities in the region. The forum, sponsored by President Denis Sassou Nguesso and the Ministry of Hydrocarbons, will review the latest gas-to-power initiatives and provide updates on current expansions throughout the country.
In conclusion, SNPC’s public bond offering marks a strategic move to attract regional investment for essential projects while contributing to the company’s broader financial goals. The upcoming Congo Economic & Investment Forum further emphasizes the commitment to exploring regional energy opportunities. As SNPC seeks to raise substantial funds, the proactive engagement with investors underscores the importance of collaboration in fostering economic growth within the region.
Original Source: energycapitalpower.com
