Guinea's bond draws 183% of its target
Investors put up 4,579bn Guinean francs, about $530m, against a goal of 2,500bn, in a five-year issue paying 11%.
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Conakry — Guinea's 2026 government bond has closed far above its target. Banks subscribed 4,579.1 billion Guinean francs (about $530 million), against a goal of 2,500 billion (about $290 million), a coverage rate of 183%, according to a central bank document dated 23 October.
The terms
- Maturity: five years
- Interest: 11%
- Open: 25 September to 23 October 2026
- Lead arranger: Afriland First Bank Guinée
All seven competitive bids were accepted in full. Afriland First Bank took the largest share, about 1,366.7 billion francs, nearly 30% of the total, followed by Vista Gui, BCI, Ecobank Guinée, Orabank Guinée, Skye Bank Guinea and AFG Bank Guinée.
The issue comes as Guinea pursues Simandou 2040, its economic transformation programme built around the giant Simandou iron ore project.
Source: Financial Afrik, 24 October 2026.
