Burkina Faso’s SONABHY Launches $53M Bond to Fund Fuel Storage
TLDR
- Burkina Faso’s national hydrocarbons company, SONABHY, is raising 30 billion CFA francs ($53.6 million) through a bond issuance
- The six-year bonds are offered to the public at 10,000 CFA francs per bond, with an annual gross interest rate of 8.1%
- The issuance is partially guaranteed by the state, which has committed to repay 100% of principal and 74% of interest
Burkina Faso’s national hydrocarbons company, SONABHY, is raising 30 billion CFA francs ($53.6 million) through a bond issuance backed by receivables securitization. The funds will finance new hydrocarbon storage facilities.
The six-year bonds are offered to the public at 10,000 CFA francs per bond, with an annual gross interest rate of 8.1%. Subscriptions run from July 21 to September 19, 2025.
The issuance is partially guaranteed by the state, which has committed to repay 100% of principal and 74% of interest. Capital will be repaid semi-annually after a one-year grace period. A listing on the BRVM is expected.
SONABHY, which generated 1,442.95 billion CFA francs in revenue in 2024, is a key contributor to Burkina Faso’s public finances and energy supply chain.
Daba is Africa's leading investment platform for private and public markets. Download here
Key Takeaways
The SONABHY transaction reflects a growing trend in West Africa—using securitized public-sector receivables to fund infrastructure. By guaranteeing most of the capital and interest, Burkina Faso is reducing investor risk and unlocking domestic capital for energy security. With ongoing global fuel price volatility, countries are turning to strategic reserves to reduce dependence on imports. SONABHY’s new facilities are expected to buffer the country against supply shocks and price spikes, while contributing to fiscal sustainability. The bond also shows increasing integration of WAEMU states into regional capital markets like the BRVM. For investors, these state-backed deals offer high yields with relatively low credit risk—especially when tied to essential services like fuel distribution.
Think someone else should see this?
To invest in this opportunity and other opportunities across Africa
Download the daba finance app on your mobile through
Take action.
Download app
Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.
Partner with us
Unlock exciting business opportunities and growth potential.
Join Daba
Become a part of our vibrant community and enjoy exclusive benefits.
Contact us
Reach out to us for inquiries, support, or collaboration.