• NSIA Banque CI securitized bonds begin trading on BRVM

• First multi-currency deal in UEMOA, fully subscribed

• Proceeds to boost SME lending, expand bank financing capacity

FCTC NSIA BANQUE CI 7,5 % 2025-2030 bonds began trading on Tuesday on the Bourse Régionale des Valeurs Mobilières (BRVM) at a reference price of 10,000 CFA francs ($17.80) under the ticker FNSBC.03.

The transaction marks the first multi-currency securitization on the West African Economic and Monetary Union (UEMOA) market. It includes a 29 billion CFA franc tranche and a 32 million euro tranche, both fully subscribed.

NSIA Banque Côte d’Ivoire initiated the deal to expand its lending capacity, particularly to small and medium-sized enterprises (SMEs), as part of its 2022-2026 strategic plan aimed at strengthening its funding base and meeting rising demand for credit.

Securitization allows banks to refinance loan portfolios, improve capital allocation and increase their ability to support businesses.

“Thanks to this transaction, many SMEs and other clients of NSIA Banque Côte d’Ivoire will have broader access to bank financing,” said Moussa Davou, head of operations and information systems, representing the BRVM director general. He added that the move reflects the bank’s role as a key player in financial innovation and private sector financing.

The listing follows a July 2025 deal in which NSIA Banque Côte d’Ivoire raised 50 billion CFA francs through a securitization backed by performing loans and structured with high transparency and strong legal safeguards.

The FCTC NSIA BANQUE CI 7,5 % 2025-2030 bonds are the third such instruments issued by the bank to be listed on the BRVM, after FCTC NSIA BANQUE 7 % 2020-2025 and FCTC Keur Samba NSIA Banque CI 7 % 2025-2030, which was listed last month.

“The presence of these securities broadens the range of instruments available on the market and supports the development of a more diversified bond segment,” said Kodjo Niamkey, director of treasury and international operations at NSIA Banque CI, representing the director general. He said the bank plans to build on this by developing financing solutions tailored to market needs within a framework aligned with best practices.

Lydie Mobio