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Côte d'Ivoire: The State will disburse more than 17 billion FCFA on September 7, 2021 for the repayment of Islamic debt

02/09/2021
Categories: Index/Markets

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The Ivorian State had raised via a public call for savings between August 1 and 31, 2016 on the financial market of the West African Monetary Union (UMOA), an amount of 150 billion FCFA. On September 7, 2021, the country will reimburse more than 17 billion FCFA.

The State of Côte d'Ivoire will proceed on September 7, 2021 to the payment of the half-yearly profits as well as the partial repayment of the capital of its Islamic loan called Sukuk State of Côte d'Ivoire 5.75% 2016-2023 for a total net amount tax of 17.204 billion FCFA (25.806 million euros). The amount raised was intended to finance economic and social development projects in Côte d'Ivoire. The funds were backed by assets compatible with the principles of Islamic finance and valued at 165 billion FCFA. It was two sets of buildings. The first is the building called CCIA located on rue Jean Paul II, consisting of a plot of land with a total boundary of 10,000 square meters and constructions on a 29-storey building. The second concerns Towers A and B of the Cité Administrative located in downtown Abidjan, consisting of buildings of 20 floors each.

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