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
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0.6% in May, bolstered by a decline in food costs. •...
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its main policy rate to 3.25% following a sharp drop in...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market...
Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...

Algeria Awards Commercial 5G Licenses
03

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...

Afreximbank Bonds Retain Market Confidence Despite Moody’s Downgrade
04

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
05

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...

IFC Plans Investment Fund to Help Grow African Film Industry
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

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

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.