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Cameroon – Markets: Bgfi Bank Cameroun and EDC Investment winners of 1237 Sonara shares on the Douala stock exchange

Bgfi Bank Cameroun and EDC Investment winners of 1237 Sonara shares on the Douala stock exchange
Written by Deckson N.

The Douala Stock Exchange (DSX) has just released the results of the auction for the placement and trading of zero coupon treasury bonds (bonds whose interest is paid in full at the maturity of the loan) of the Sonara, in accordance with Notice No 15 of the tendering procedure of 26 April 2017 on the sale of 1237 shares.

Two investment service providers are declared successful. EDC Investment Corp. has applied for a purchase order for all 1237 securities and Bgfi Bank Cameroon, which has positioned 526 shares. In the end, Bgfi Bank signed an agreement concerning its 526 shares in the amount of CFAF 526 million, covering all maturities 2018-2021.

EDC finally signed two agreements. The first involves 360 securities in the amount of 360 million FCFA in principal covering all maturities 2018-2021. The second agreement covers 351 shares valued at CFAF 351 million for the same period. This means that all 1237 titles were served, a service rate of 100%.

The Director General of the DSX, Pierre Ekoule Mouangue, invites these two contracted providers to make a connection with the Autonomous Amortization Fund for the successful completion of the transactions.

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Deckson N.

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