Biggest bond sale on West African bourse to boost telecoms

Sekou Drame,Orange, Sonatel,

BusinessMetricsNG with wire report An Orange SA West African subsidiary is issuing debt on the regional market for the first time to take advantage of higher demand for digital services amid the coronavirus pandemic. The outbreak of Covid-19 and subsequent lockdowns has made a plan by Dakar-based Sonatel’s to raise 100 billion CFA ($171 million) particularly timely, Sekou Drame, Sonatel’s Chief Executive Officer said in an interview. The bond sale is the largest in the history of the regional bourse, Bourse Regionale des Valeurs Mobilieres SA, or BRVM, according to…

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