Guinean bond raises 4,579 billion GNF, 183% of target
By the AFREEQUE newsroom, based on Financialafrik
The Guinean government’s bond issue raised 4,579.145 billion Guinean francs, around 530 million dollars, against a target of 2,500 billion. Subscriptions, which closed on 23 October, reached 183.17% of the target for the five-year issue paying 11% interest, according to central bank data cited by Financial Afrik.
The Guinean government’s 2026 bond issue raised 4,579.145 billion Guinean francs, or around 530 million dollars, against a target of 2,500 billion GNF. The operation, which closed on 23 October, recorded a coverage rate of 183.17%, according to Financial Afrik, which cited a document from the Central Bank of the Republic of Guinea (BCRG).
All seven competitive bids recorded were fully accepted, for a five-year bond paying 11% interest. Afriland First Bank Guinea, the arranger and lead manager of the issue, topped subscriptions with 1,366.65 billion GNF, ahead of Vista Gui with 670.98 billion and the Bank for Commerce and Industry with 664.7 billion, according to results consulted by Financial Afrik.
The operation was launched on 25 September amid increased public financing needs, notably to support the Simandou 2040 economic transformation programme. It follows the appointment of Afriland First Bank to lead a Guinean bond issue, announced on 19 October.
