The Guinean government announced on October 23, 2026, the successful closure of its 2026 bond issue, which was launched on September 23, 2026. According to the official results published by the Central Bank of the Republic of Guinea (BCRG) and the Ministry of Economy, Finance, and Budget, the operation was a resounding success, with a massive oversubscription that reflects renewed investor confidence in the Guinean state's signature.
The initial target was to raise 2,500 billion GNF, but the total amount of subscriptions reached 4,579.145 billion GNF, representing an exceptional coverage and allocation rate of 183.17%. The entirety of the competitive offers submitted for this amount was accepted and allocated at a price of 100%, with an interest rate of 11.00% and a maturity of 5 years, expiring on October 23, 2031.
The Guinean government welcomed the enthusiastic response from investors and the public to this sovereign issuance, which demonstrates the adhesion to the government's economic and strategic orientations, as well as the solidity of the national financial sector. The Ministry of Finance and Budget paid a special tribute to the syndicate of placement for their exemplary work in structuring, promoting, and mobilizing during the subscription period.
The government also expressed gratitude to the BCRG for conducting the adjudication process rigorously and to Afriland First Bank Guinea for successfully leading the operation. The funds raised will contribute to financing structuring projects and socio-economic development inscribed in the Guinean government's roadmap.
The Administrator Director of Afriland First Bank Guinea, head of the syndicate and arranger, noted that the success of the 2026 bond issue highlights the depth of local savings. He compared the amount collected to the financing envelope requested from the IMF, emphasizing that the locally collected funds are already available and ready for financing projects, unlike the IMF funds, which are subject to conditionalities.
The Guinean government's ability to mobilize such a significant amount locally is seen as a source of hope for a more promising future. This success demonstrates the potential for self-financing and the need to have confidence in local capacities before seeking external financing.
The funds collected will be used to finance priority projects, contributing to the country's socio-economic development. The government's success in this bond issue is expected to have a positive impact on the country's financial market and investor confidence.
Key points
- The 2026 bond issue was oversubscribed by 183.17%, exceeding the initial target of 2,500 billion GNF.
- The funds raised will contribute to financing structuring projects and socio-economic development inscribed in the Guinean government's roadmap.
- The success of the bond issue highlights the depth of local savings and the potential for self-financing in Guinea.
