Why Calixte Nganongo extended the subscription of the €152.4 million Congolese bond
Originally scheduled to end on 20 March, the subscription period has been extended to 21 April. This will give Brazzaville time to obtain a waiver from the banking regulator on 30 March, which is in the banks’ interest.
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▪ Why Calixte Nganongo extended the subscription of the €152.4 million Congolese bond
▪ Originally scheduled to end on 20 March, the subscription period has been extended to 21 April. This will give Brazzaville time to obtain a waiver from the banking regulator on 30 March, which is in the banks’ interest.
▪ https://www.africabusinessplus.com/en/807439/why-calixte-nganongo-extended-the-subscription-of-the-e152-4-million-congolese-loan/
The meeting of the Central African Banking Commission (Cobac) today (30 March) is decisive for the bond loan of CFA F 100 billion (€152.4 million) from the Congolese state. The regional banking regulator must assign a zero-weighting rate to the operation called “EOCG 6.25% Net 2021-2026”, to be used to finance specific infrastructures and to settle part of the country’s domestic debt by securitisation.
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