Congo’s SNPC is engaging regional investors in Gabon and Cameroon for its public bond offering, with aims to raise $167 million to enhance national production. The SNPC 6.5% Net 2024-2029 bond closes on February 27. The upcoming Congo Economic & Investment Forum will gather stakeholders to explore investment opportunities in the energy sector.
The Republic of Congo’s Société Nationale des Pétroles du Congo (SNPC) recently engaged investors in Douala, Cameroon, and Libreville, Gabon, to discuss its public bond offering. The bond, named SNPC 6.5% Net 2024-2029, has gained approval from the Central African Financial Market Supervisory Commission and is set to close on February 27. SNPC executives emphasized the bond’s strategic role in expanding its investor base and securing crucial financing for various projects.
As part of its Performance 2025 growth plan, SNPC aspires to raise $5 billion through the regional financial market to support investments in energy and infrastructure. The current bond offering aims to raise $167 million, which will be directed towards drilling activities to enhance national production capabilities. This bond, carrying a 6.5% net annual interest rate, has a five-year maturity period, concluding in 2029, and is available through placement syndicate members, including reputable firms such as LCB Capital and BGFI Bourse.
Additionally, the inaugural Congo Economic & Investment Forum is scheduled for March 24-26, 2025, in Brazzaville, under the auspices of President Denis Sassou Nguesso. Supported by the Ministry of Hydrocarbons and the SNPC, the forum will convene international investors and local stakeholders to discuss energy and infrastructure opportunities across Congo. The agenda includes the latest developments in gas-to-power projects and updates on ongoing national expansions.
The Republic of Congo’s SNPC is actively seeking regional investment through its bond issuance, crucial for funding energy and infrastructure projects. With the bond set to close soon, it aims to raise significant funds to enhance national production. The upcoming Congo Economic & Investment Forum further highlights the nation’s commitment to attracting global investors towards its energy sector.
Original Source: energycapitalpower.com
