{"id":280,"date":"2022-01-25T14:15:31","date_gmt":"2022-01-25T14:15:31","guid":{"rendered":"https:\/\/financiacapital.net\/?post_type=nos_references&#038;p=280"},"modified":"2022-03-23T11:15:20","modified_gmt":"2022-03-23T11:15:20","slug":"eneo","status":"publish","type":"actualites","link":"https:\/\/financiacapital.net\/en\/actualites\/eneo\/","title":{"rendered":"SECURITIZATION AND MONETIZATION OPERATION TO REDUCE THE PARTIAL DEBT OF THE CAMEROONIAN STATE IN THE ELECTRICITY SECTOR"},"content":{"rendered":"<h4 class=\"wp-block-heading\"><strong>Project description<\/strong> <\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">Multi-faceted operation aiming to clean up the balance sheets of the key players in the electricity sector in Cameroon <\/p>\n\n\n\n<ul class=\"has-black-color has-text-color wp-block-list\"><li>Securitization of ENEO's receivables on the Cameroonian government (primary market) and monetization through the placement of these securities to a pool of banks (secondary market)<\/li><li>Subrogation<\/li><li>Repurchase of receivables<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><br><strong>Issues<\/strong><\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">Cleaning up the electricity sector without damaging public finances<br><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Client<\/strong> <\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">ENEO \/ Republic of Cameroon<br><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Amount of the transaction<\/strong> <\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">XAF 182 billion  (<strong>syndication<\/strong>&nbsp;XAF 118 billion, <strong>debt repurchase<\/strong>&nbsp;:XAF 39 billion, <strong>subrogation of SNH's debt on KPDC<\/strong>&nbsp;: XAF 25 billion)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Mission of FINANCIA Capital<\/strong> <\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">Lead Arranger<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Achievements (2021 - 2022)<\/strong> <\/h4>\n\n\n\n<ul class=\"has-black-color has-text-color wp-block-list\"><li>Served as an interface between the State, ENEO and the other players of the electricity sector (EDC, ARSEL, SONATREL, KPDC, DPDC, MINEE, MINFI) <\/li><li>Structured the operation  <\/li><li>Built a financial model <\/li><li>Produced the Information Memorandum&nbsp;<\/li><li>Reviewed and finalized the multipartite agreement&nbsp;<\/li><li>Carried out the codification of the money market securities at the BEAC (Central Bank)<\/li><li>Held roadshows with banks and investors&nbsp;<\/li><li>Coordinated the placement and monetization of the securities&nbsp;<\/li><li>Followed up the commitments of each party involved in the operation<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Project status<\/strong><\/h4>\n\n\n\n<p class=\"has-black-color has-text-color wp-block-paragraph\">Operation Completed in 2021 and 2022<\/p>","protected":false},"featured_media":2822,"template":"","class_list":["post-280","actualites","type-actualites","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OPERATION DE TITRISATION ET MONETISATION EN VUE DE LA REDUCTION DE LA DETTE PARTIELLE DE L&#039;ETAT CAMEROUNAIS DANS LE SECTEUR DE L\u2019ELECTRICITE - Financia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financiacapital.net\/en\/actualites\/eneo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OPERATION DE TITRISATION ET MONETISATION EN VUE DE LA REDUCTION DE LA DETTE PARTIELLE DE L&#039;ETAT CAMEROUNAIS DANS LE SECTEUR DE L\u2019ELECTRICITE - Financia\" \/>\n<meta property=\"og:description\" content=\"Descriptif du projet Op\u00e9ration multiforme visant \u00e0 all\u00e9ger les bilans des acteurs cl\u00e9s du secteur de l\u2019\u00e9lectricit\u00e9 au Cameroun Syndication bancaire consistant pour ENEO \u00e0 \u00e9changer ses cr\u00e9ances sur l\u2019\u00c9tat camerounais contre des titres (march\u00e9 primaire) qui seront mon\u00e9tis\u00e9s gr\u00e2ce \u00e0 des placements d\u2019un pool de banques (march\u00e9 secondaire) Subrogation Rachat de cr\u00e9ances. 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