Société Nationale des Pétroles du Congo (SNPC) is engaging investors for its public bond offering in Cameroon and Gabon. The bond, SNPC 6.5% Net 2024-2029, aims to raise $167 million to support drilling activities as part of a larger $5 billion growth strategy. An economic forum in March 2025 will further promote investment opportunities in the Congo.
The Republic of Congo’s state-owned company, Société Nationale des Pétroles du Congo (SNPC), recently conducted meetings with investors in Douala, Cameroon, and Libreville, Gabon. These meetings aimed to outline the objectives of its impending public bond offering and attract regional investor participation.
The bond, dubbed SNPC 6.5% Net 2024-2029, has received approval from the Central African Financial Market Supervisory Commission and will close on February 27. SNPC executives emphasized the issuance’s strategic role in broadening the company’s investor base and securing financing for vital projects.
As part of SNPC’s Performance 2025 growth strategy, the company plans to raise $5 billion from the regional financial market to bolster investments in energy and infrastructure. This current bond offering marks the first phase, targeting $167 million to finance drilling activities and enhance national production.
Offered at a net annual interest rate of 6.5% with a five-year maturity until 2029, the bond will be available through a syndicate of placement members, including LCB Capital, BGFI Bourse, Premium Capital Securities, Elite Capital Securities, and EDC Investment Corporation.
In addition, the inaugural Congo Economic & Investment Forum, set for March 24-26, 2025, in Brazzaville, will convene international investors and local stakeholders under the patronage of President Denis Sassou Nguesso. This forum will focus on energy and infrastructure opportunities, particularly the latest gas-to-power projects and ongoing expansions in the country.
In summary, SNPC is actively engaging with investors to secure funds for its growth plans via a new bond issuance. The company aims to raise substantial capital for the energy and infrastructure sectors, with upcoming events like the Congo Economic & Investment Forum enhancing investor interest and visibility in regional initiatives.
Original Source: energycapitalpower.com
