The   Banque de l'habitat du Sénégal (BHS) will on January 10, 2021 pay the half-yearly interest on its bond issue by public offering called "Diaspora bonds BHS 6.25% 2019-2024" for an amount of   625 million FCFA (937,500 euros).

This Senegalese banking institution, specializing in housing finance, had successfully raised during the period from May 16 to June 17, 2019 on the financial market of the West African Monetary Union (WAMU) an amount of 20 billion FCFA. To do this, he had issued 2 million bonds with a nominal value and an issue price of 10,000 FCFA.

To succeed, its bond loan, the bank had been financially rated by the WARA agency. This had assigned it the rating “BBB”, thus classifying it in the privileged register of establishments authorized by the Regional Council for Public Savings and Financial Markets (CREPMF) to issue without guarantee.

Through the funds raised, the bank intended to strengthen its financial resources for financing requests for access to property from customers, mainly in the urban centers of Diamniadio and Lac Rose. At the end of the BHS 2015 project, this banking institution had committed to a horizon called BHS 2020 with a strategic orientation plan (POS) for the period 2016-2020. This plan has been updated in order to integrate the major projects represented for Senegal by the urban centers of Diamniadio and Lac Rose.

The urban center of Diamniadio extends over 1,946 hectares and will include 17,000 dwellings to be built as part of the first phase of 700 hectares called “City germ”. This alignment of the POS BHS 2020 is in line with the desire of the Senegalese public authorities to promote the social housing sector.

The BHS has undertaken to pay subscribers an annual interest of 6.25% payable semi-annually over a period of 5 years. As for the repayment of the capital, it will be gradual with a 2-year grace period.