Burkina Group Coris Invest Raises $31.5M via Private Bond Issuance
TLDR
- Coris Invest Group has raised 20 billion FCFA (around $31.5 million) through a private bond placement
- The bonds were issued at a 110% rate and backed by credit ratings of "A—" (long-term) and "A2" (short-term) in local currency
- The proceeds will support the Group's expansion and investment strategy across key sectors
Coris Invest Group has raised 20 billion FCFA (around $31.5 million) through a private bond placement in its debut on the regional BRVM stock market.
The bonds were issued at a 110% rate and backed by credit ratings of "A—" (long-term) and "A2" (short-term) in local currency, reflecting low risk for investors.
The successful bond placement underscores investor confidence in Coris Invest Group’s financial stability and creditworthiness. The proceeds will support the Group's expansion and investment strategy across key sectors.
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Points clés à retenir
As the regional financial market grows, corporate bond issuances are becoming an alternative funding source. They provide businesses with long-term capital while offering investors diversified fixed-income opportunities. In 2024, some 29 new introductions were recorded on the bond market for an estimated sum of 1.639 trillion ($2.6 billion).
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