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Senegal: BHS pays off 625 million FCFA in debt

12/07/2021
Categories: Sectors

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The Senegal Housing Bank (BHS) had successfully raised 20 billion FCFA on the financial market of the West African Monetary Union (UMOA). She paid the semi-annual interest on July 10

, 2021.

The BHS has paid the semi-annual interest on its bond loan through a public offering called “Diaspora Bonds BHS 6.25% 2019-2024” for an amount of 625 million FCFA (937,500 euros). During the period from 16 May to 17 June 2019, this banking institution specializing in housing finance successfully raised 20 billion FCFA on the financial market of the West African Monetary Union (UMOA). As such, he had issued 2 million bonds with a nominal value and an issue price of 10,000 FCFA

.

Through the funds raised, bank managers intended to strengthen the institution's financial resources for financing clients' access to property, mainly in the urban centers of Diamniadio and Lac Rose. At the end of the BHS 2015 project, the BHS committed itself to a horizon called BHS 2020 with a strategic orientation plan (POS) for the period 2016-2020. This plan has been updated to incorporate the large-scale projects that the Diamniadio and Lac Rose urban hubs represent for Senegal, which extend over 1,946

hectares.
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