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WAEMU: EBID launches a bond loan at the BRVM

10/05/2021
Source : ORISHAS FINANCE
Categories: Index/Markets

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The ECOWAS Bank for Investment and Development (EBID) is on the financial market of the West African Economic and Monetary Union (UEMOA). It is launching a Bond Loan of 50 billion CFA francs ($91.5 million) from May 10 to 24, 2021.

This operation represents a major first this year for the bond compartment of the BRVM, positioned on long-term solicitations. The institution, chaired by the Ghanaian George Agyekum Nana Donkor, has thus taken an important step in its new vision centered on the intensification of the mobilization of resources for the financing of development infrastructure in West Africa.
The public call offers an exceptional rate of 6.50% per year for 7 years. The operation is arranged by SGI Impaxis Securties, which thus signs its second major operation in a year's interval, after having supported Sonatel (SONATEL Bonds 6.50% – 2020-2027) in July 2020 for its record loan of 100 billion FCFA. The funds mobilized under this loan are intended to finance development projects in the WAEMU zone.

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