The Guinean government has launched a bond issue to mobilize 2,500 billion francs on the domestic financial market to support its investments, particularly under the Simandou 2040 vision. The initiative, led by the Ministry of Economy, Finance, and Budget, aims to deepen the country's financial market and strengthen domestic resource mobilization. The bond issue, open from September 25 to October 23, 2026, offers an annual interest rate of 11% for five years.
The bond issue is being managed by Afriland First Bank, which has been entrusted with the task for the third consecutive time. The bank will be assisted by a syndicate of several other banks. According to Aboubacar Diakité, Director General of Financements, the operation aligns with the government's goal of reinforcing domestic resource mobilization and deepening the Guinean financial market. The country's macroeconomic framework is currently supported by large mining projects.
Dr. Guy Laurent Fondjo, Managing Director of Afriland First Bank Guinea, expressed gratitude to the authorities for the confidence placed in his institution. He emphasized the bank's expertise in structuring and securing major national savings mobilization operations. Fondjo highlighted that underwriting the bond issue is not only a profitable investment but also a patriotic act supporting the country's development.
The Guinean government views the bond issue as a crucial step in transforming the country's economy. Minister of Economy, Finance, and Budget, Mariama Ciré Sylla, placed the initiative within the broader context of the country's structural transformation. She emphasized the acceleration of economic growth, mastery of macroeconomic balances, and reinforcement of the country's financial credibility.
The Simandou 2040 vision occupies a central place in Guinea's economic transformation. The project aims to convert the country's natural resources into infrastructure, energy, jobs, and competitive Guinean enterprises. The government is also preparing the creation of a Sovereign Fund of Guinea to preserve and grow a portion of the country's wealth for future generations.
The bond issue has garnered support from various stakeholders, including the Central Bank and the Professional Association of Banks. The Association's President, Sidy Mohamed Chérif, announced that all necessary arrangements have been made to receive subscribers in all Guinean banks. The government's goal is to progressively reduce its dependence on external financing by mobilizing domestic savings.
The success of the bond issue will depend on the participation of the population, diaspora, public enterprises, and the private sector. Minister Mariama Ciré Sylla invited all interested parties to underwrite the bond issue, highlighting the improved credibility and economic performance of Guinea. The previous year's target was 1,500 billion francs, which has been increased by 67% to 2,500 billion francs.
Key points
- - The Guinean government aims to mobilize 2,500 billion francs through a bond issue to support investments under the Simandou 2040 vision. - The bond issue offers an annual interest rate of 11% for five years, with a minimum subscription of 5 million francs. - The initiative is part of a broader strategy to transform the Guinean economy, promote domestic savings, and reduce dependence on external financing.
