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Regional Stock Exchange: Benin repays its bond loans on November 29

19/11/2021
Categories: Index/Markets

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In a press release dated November 16, the Director General of the Regional Stock Exchange (BRVM) Dr Edoh Kossi Amenounve announces that the Beninese treasury will repay its bond loans on November 29, 2021.

According to the Director General of the Regional Stock Exchange (BRVM) Dr Edoh Kossi Amenounve, it is an early and full repayment of its loans called -TPBJ 6.50% 2018-2025- and TPBJ 6.50% 2017-2027-. Benin will also pay "interest due, in accordance with the information notes of the various issues (Reimbursement at the option of the issuer)". In view of the Beninese public treasury's desire to repay its loans and pay interest due on November 29, TPBJ securities "will be suspended from trading from Thursday, November 25, 2021". The First listing of this Beninese State Bond Denominated “TPBJ 6.50% 2018 – 2025” took place in Cotonou on Thursday, October 25, 2018. 405 securities were exchanged at 100% of their nominal value during of that first day. The loan made it possible to mobilize 62.60 billion FCFA.

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