#Gabon: Gabon emits 320 billion CFA francs of bonds in the international capital markets

After the success of the first issuance of 750 billion francs in 2013, Gabon counts enjoying his international fame began Friday, September 12 in Libreville new bonds of 320 billion CFA francs in the international capital markets to finance projects in in the country.

In order to complete the ongoing projects and fund new infrastructure called to be catalysts for development policy launched by the highest authorities in order to make projects Gabon an emerging country by 2025, the Gabonese government through the Ministry of Economy conducted Friday, September 12, 2014 officially launched a bond issue of
Equivalent to Treasury bonds (OTA).

The state has thus reaping a total of 320 billion CFA francs, including 270 billion francs from external creditors and 50 billion francs remaining which are intended to supplement the external drawings in the form of fungible bonds will be mobilized from the sub-regional market.

According to the timetable presented by the Minister of Economy, Christophe Akagha Mba, 25 billion CFA will be removed from this September and as next November.

On behalf of the Gabonese Treasury, the Bank of Central African States (BEAC) was entrusted with the practical organization of issues of securities and their distribution between different credit institutions authorized as primary dealers Treasury (Svt).

These loans seviront do we indicate to finance road construction, development and restructuring of airports, land deepwater port Mayumba and inter-modal port Ndjolé. But also to continue the construction of the hydroelectric dam Ngoulmendjim and work to secure the national electricity transmission network.

This will allow the deployment of digital infrastructure across the country in order to interconnect all provincial capitals and the development of geomatics plan to allow Gabon to establish its geo-spatial information system and finalize the how to create the Heritage Society digital infrastructure and digitization of large registries of the state.