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(CLOSED) BOND LOAN BY PUBLIC OFFERING FOR SONATEL SAVINGS 6.50% PER YEAR

EMPRUNT OBLIGATAIRE PAR APPEL PUBLIC A L'EPARGNE DE LA SONATEL 6,50% PAR ANFGI is honored to inform you of the launch of the Sonatel Group Public Offering for Savings bond issue called “SONATEL 6.50% 2020-2027”. The resources raised will be used to finance investments in Senegal in 2020 with a view to improving and extending the network. This operation will take place from June 15 to July 15, 2020 and has the following main characteristics:

Loan amount 100 milliards de FCFA
Nominal Unit Value 10 000 FCFA
Subscription fees 10 000 FCFA
Annual benefit rate 6,50%
Duration 7 years
Refund mode Half-yearly constant with 2 years deferral for the capital
Liquidity of securities The securities will be the subject of an application for admission to trading on the Regional Stock Exchange (BRVM) within 2 months of the closing of the transaction.
BCEAO refinancing The securities will be subject to an application for admission to the BCEAO refinancing window
Tax system Taxation applicable in the country of residence
Investment duration From June 15 to July 15, 2020

Why you should invest in the bond loan by public offering of the SONATEL group

The SONATEL group’s bond by public offering is launched on June 15, 2020. SONATEL is a pioneer in the telecommunications sector in West Africa and offers services that today meet the expectations of millions of users. SONATEL closed the year 2019 with a turnover of 1,087 billion FCFA, an EBITDA of 481 billion FCFA, a net profit of 197 billion FCFA and a portfolio of 32.7 million customers.

The group is present in 5 countries (Senegal, Mali, Guinea, Guinea-Bissau and Sierra Leone) and is a leader in each of its markets. The company has been listed on the Abidjan regional stock exchange since 1998 and its market capitalization is estimated at nearly 1,700 billion FCFA as of December 31, 2019, or more than 35% of the capitalization of the BRVM.

In a context of increased commercial and technological rivalry, SONATEL wishes to consolidate its leadership position and offer its customers the best digital experience. With this in mind, the SONATEL group is launching a bond loan on the regional financial market for a record amount of CFAF 100 billion ever issued by a private issuer. The resources raised thanks to the bond loan by public call of the SONATEL group will be used to finance the investment program in 2020 in Senegal in order to continue the modernization and expansion of its network.

Despite the appearance of Covid 19, the company exhibits robust activity and has been awarded an “Investment Grade” rating, which represents the best rating for a private issuing company within the UEMOA zone.

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