Oragroup to redistribute partial interests on 2013-2019 bond next June 4

Banking
Friday, 24 May 2019 15:15
Oragroup to redistribute partial interests on 2013-2019 bond next June 4

(Togo First) - On June 4, 2019, those who subscribed to the 2013-2019 bond issued by Lomé-based Oragroup will receive quarterly interests. The lender will partially reimburse capital, a statement released by the Bourse Régionale des Valeurs Mobilières (BRVM) on 23 May 2019, stated.

The XOF15 billion public offering was stipulated at a gross annual rate of 6.75%.

From October 30 to November 29, 2013, the group sought the above-mentioned sum to finance its growth and expansion strategy. In detail, the securities issued under the operation had a unit nominal value of XOF10,000.

In 2018, the bank’s net result rose by XOF29.77 billion. However, managing director, Binta Touré Ndoye, who steered the firm to achieve such good performances, decided to resign and will be replaced by Cameroonian Ferdinand Ngon Kemoum.

Séna Akoda

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