Sonatel has issued its corporate bond worth 100 billion CFA Francs on the BRVM. The bond which is the largest of its kind in the WAEMU region was listed at a 6.5 per cent annual coupon rate at tenure of 7 years. The bond issuance was closed by Impaxis Securities which was the sole Arranger and Bookrunner for this transaction. Ababacar Diaw, CEO of Impaxis Securities joins CNBC Africa for more.
Reported earnings from companies on the BRVM Stock Exchange have been largely mixed. Myriam Ouattara, Portfolio Manager at EDC Asset Management joins CNBC Africa to breakdown some of these results.
Dr. Edoh Kossi Amenounve, President of the African Securities Exchanges Association and CEO of BRVM, joined CNBC Africa to give an update of how the market is fairing during this period and measures put in place to ensure market operations continue normally.
As the year winds down, the key benchmark indices of the Bourse Régionale des Valeurs Mobilières (BRVM) market are set to end the year in negative territory. Myriam Ouattara, Portfolio Manager at EDC Asset Management joins CNBC Africa from Cote d’ Ivoire to recap activities that shaped the BRVM market in the year 2019.
West Africa’s stock exchange, BRVM is targeting listings by the region’s telecoms firms and partnerships with international clearing houses to attract more foreign investors.