Oragroup is preparing an issue of new bonds for a maximum amount of CFAF 20 billion by private placement with a limited number of qualified investors. The project will be submitted to shareholders on November 22 in Lomé (Togo), during an ordinary general meeting of the bank based in the Togolese capital.
According to the announcement viewed by Financial Afrik, the operation is for a period of 7 years, with an interest rate of 7.15% gross per year. The bank opts for half-yearly amortization with a 2-year franchise with regard to the repayment profile.
Present in 12 countries of West and Central Africa, Oragroup mobilized, last October, 50 billion CFA Francs bond loan denominated at the rate of 7.15% on a maturity of 7 years with 2 years of deferred.
Note that the holding company announced an annual increase of 188% of its net income in the third quarter of 2021, from 5.093 billion FCFA on September 30, 2020 to 14.646 billion FCFA on September 30, 2021.
