Public Management

ECOWAS: The EBID launches a XOF25 bln bond operation to fund 7 projects in the WAEMU

ECOWAS: The EBID launches a XOF25 bln bond operation to fund 7 projects in the WAEMU
Friday, 31 May 2019 06:12

The ECOWAS Bank for Investment and Development (EBID) has just launched a bond issuance operation. The aim of this operation, approved by the regional council for public savings and capital markets, is to raise XOF25 billion in order to fund seven (7) projects in the energy, industry, hospitality and financial sector. These projects will be implemented in Benin, Côte d’Ivoire, Burkina Faso, Niger, Senegal and Togo.

In the framework of that operation, 2.5 million 7-year bonds with a nominal value of XOF10,000 will be issued. The interest rate is 6.4%. The interest will be paid bi-annually with a 2-semester deferred payment for the principal.

For this operation launched on May 28, 2019, the consortium CGF BOURSE and SGI-TOGO was mandated as an arranger and lead partner. According to Africabourse, one of the underwriters accredited to this operation, the subscription is open till June 26, 2019.

At end 2018, the EBID’s cumulative net commitments in ECOWAS member countries was close to $1.39 billion invested in 133 active projects. In 2017, these commitments were $1.327 billion for the same volume of active projects. This is due to the combined effects of new commitments in 2018 at the completion of five projects in the loan portfolio of Benin, Burkina Faso, Senegal and Togo as well as the cancellation of three investments in Côte d’Ivoire, Senegal and Togo.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
I&M Group raises stake in I&M Bank Tanzania to 95.5% Deal follows exit of Proparco and MEAL after 15 years Group bets on growth in...
SEC sharply increases capital thresholds across the securities industry Brokers, asset managers, issuers, and digital asset firms face higher...
PCM Capital Partners sold its entire 10.6% stake in First Atlantic Bank following an oversubscribed IPO on the Ghana Stock Exchange. The...
Libya’s central bank cut the dinar by 14.7% to 6.37 per dollar, marking the second devaluation in less than a year. Authorities cited unchecked...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
03

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.