SNPC Pursues Regional Investment through Bond Offering in Gabon and Cameroon
The Société Nationale des Pétroles du Congo (SNPC) is actively engaging investors in Cameroon and Gabon for its public bond offering, aiming to raise $5 billion for energy and infrastructure projects. The bond, with a 6.5% interest rate, is approved until February 27. An upcoming investment forum will further explore region-wide energy projects.
The Société Nationale des Pétroles du Congo (SNPC), the national oil company of the Republic of Congo, has engaged with investors in Douala, Cameroon, and Libreville, Gabon, to unveil its public bond offering. The bond, titled “SNPC 6.5% Net 2024-2029,” received approval from the Central African Financial Market Supervisory Commission and the issuance is scheduled to conclude on February 27. SNPC executives emphasized the critical significance of this bond issuance for attracting regional investment and financing essential projects.
Under its Performance 2025 growth strategy, SNPC aspires to raise $5 billion from the regional financial markets to fund energy and infrastructure projects. The current bond offering marks the initial phase, aiming to secure $167 million for drilling initiatives and to enhance national oil production capabilities. With a 6.5% net annual interest rate and a maturity period extending to 2029, investors can acquire the bond through notable placement syndicate members including LCB Capital and BGFI Bourse.
Moreover, the inaugural Congo Economic & Investment Forum is scheduled for March 24-26, 2025, in Brazzaville. This notable event, under the auspices of President Denis Sassou Nguesso and supported by the Ministry of Hydrocarbons and SNPC, invites international investors and local parties to delve into energy and infrastructure prospects both nationally and regionally. Participants will focus on the most recent gas-to-power projects and receive updates regarding ongoing development initiatives throughout the country.
In summary, SNPC is actively seeking investment through its public bond offering, targeting regional investors to support its ambitious Performance 2025 strategy. By issuing the “SNPC 6.5% Net 2024-2029” bond, the company aims to enhance its financial base for vital projects while preparing for the upcoming Congo Economic & Investment Forum, which will highlight energy opportunities.
Original Source: energycapitalpower.com
