The Republic of Congo’s SNPC has initiated discussions with investors in Cameroon and Gabon for a public bond offering aimed at raising funds for energy and infrastructure projects. The bond, with a 6.5% interest rate, targets $167 million and is part of SNPC’s larger strategy to raise $5 billion by 2025. The inaugural Congo Economic & Investment Forum is set for March 2025, focusing on energy investment opportunities.
The Republic of Congo’s Société Nationale des Pétroles du Congo (SNPC) recently conducted meetings with potential investors in Douala, Cameroon and Libreville, Gabon. The purpose of these engagements was to present the objectives behind the public bond offering and to encourage regional investor participation. The bond, titled SNPC 6.5% Net 2024-2029, has received approval from the Central African Financial Market Supervisory Commission and is set to close on February 27.
During these discussions, SNPC executives emphasized the strategic significance of the bond issuance for expanding the company’s investor base and securing necessary financing for critical projects. Under 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 bond offering targets an initial $167 million aimed at funding drilling activities and boosting national production.
The SNPC bond offers a net annual interest rate of 6.5% with a maturity period extending to 2029. This investment opportunity is available through various placement syndicate members, including LCB Capital, BGFI Bourse, Premium Capital Securities, Elite Capital Securities, and EDC Investment Corporation.
Additionally, the inaugural Congo Economic & Investment Forum is scheduled for March 24-26, 2025, in Brazzaville. This event, held under the patronage of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and SNPC, will gather international investors and local stakeholders to explore extensive energy and infrastructure opportunities. The forum will also cover advancements in gas-to-power projects and updates on ongoing expansions in the country.
In summary, the Société Nationale des Pétroles du Congo has actively engaged regional investors to promote its public bond offering, highlighting its strategic importance for financing vital projects. With firm plans to raise significant funds through the regional market, the bond aims to bolster national production within the energy sector. Furthermore, the upcoming Congo Economic & Investment Forum will serve as a platform for continued investment discussions in energy and infrastructure.
Original Source: energycapitalpower.com
