(Business in Cameroon) – Alios Finance Cameroun, now controlled by the Ivorian Serge-Aimé Bile-led Credaf Group, successfully closed a 9.002 billion CFA francs (about $14.6 million) bond issue on the CEMAC regional financial market. The public offering, managed by Société Générale Capital Securities Central Africa, will fund the company’s five-year development plan (2023-2028) and enhance its competitive position in Cameroon’s finance market.
The fundraising was structured in two distinct tranches. The first tranche, a three-year maturity bond with a gross interest rate of 6%, mobilized 3.123 billion CFA francs, achieving a subscription rate of 62.46%. The second tranche, a five-year bond with a 7% interest rate, raised 5.879 billion CFA francs, which was oversubscribed at a rate of 117.59%.
Prior to this public offering, Alios Finance Cameroun secured 4 billion CFA francs through a bridge-to-bond loan, which was also structured and backed by Société Générale Cameroun. That operation involved issuing 4,000 corporate bonds, each with a nominal value of 1 million CFA francs, fully subscribed by SG CAPITAL Asset Management as the investor. With these successful financing operations, Alios Finance Cameroun now possesses the necessary capital to execute its five-year strategy in a highly competitive sector. The institution intends to solidify its market position and support its sustainable growth.
AM
