(Business in Cameroon) – Lender Alios Finance Cameroon has just submitted a bond issue on the Central African Stock Exchange (Bvmac), which unites Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad. This 10 billion CFA franc transaction is called “ALIOS 02 5.40% BRUT 2021–2025”.
According to an information note published by an issuer organized by Attijari Securities Central Africa (ASCA), the subscription period will run from July 26 to August 6, 2021, with the option to defer the closing of subscriptions. The annual oil rate is 5.40% between 2021 and 2025.
This fundraising operation is part of the 2025 development strategy. ” Alios Finance Cameroon is committed to improving the competitiveness of its financing offering by stabilizing risk taking and improving the quality of its portfolio to strengthen its leadership in the sector. This strategy requires the mobilization of a variety of innovative and tailored refinancing levers. “, – says the note.
The key parameters of the specified development plan are: an increase in production by 5% per year by 2021 and 2022, then by 10% on average per year from 2023; stabilization of the annual demand for new resources at around 15 billion CFA francs over the period 2021–2025; cost / benefit ratio limited to a maximum of 54% and a controlled cost of risk.
Leader in the leasing market with 35% of shares in the country. The main competitors of Alios Finance Cameroon are Societe Generale Cameroon (25%) and Afriland First Bank (18%).
During its first bond issue, ALIOS 01 5.75% 2018-2021, the company received a subscription rate of 108%. The operation, organized by a subsidiary of the Gabonese banking group BGFI, raised 8 billion francs to finance Alios’ strategic plan for 2018-2022.
In 2020, Alios Finance Cameroon’s net banking profit increased by 7% compared to 2019, mainly due to ” good performance for leasing products increased by 1.31 billion CFA francs “… Its financial result after taxes was 714 million CFA francs in 2020, down 29%, ” mainly due to the rising cost of risk, due to the context [pandémique] “.