The ECOWAS Bank for Investment and Development (EBID) will proceed on January 29, 2025 with the payment of half-yearly interest on its first green and sustainable bond (GSS Bond) through a public offering (APE) on the regional financial market of the UEMOA called “EBID – EBID GSS BOND 6.50% 2024 -2031” for an amount of 2.275 billion FCFA, informed the management of the Regional Securities Exchange (BRVM).
During the period from July 15, 2024 to August 9, 2024, the EBID requested the UEMOA financial market for an amount of 70 billion FCFA. The number of securities issued was 7 million bonds with an issue price and nominal value of 10,000 FCFA.
The operation aimed on the one hand to finance the recovery plan in the UEMOA zone in a Post-Covid-19 context and on the other hand to finance projects to achieve the Sustainable Development Goals.
The interest rate offered to subscribers was 6.50% net per annum payable semi-annually.
The duration of the loan was 7 years including a 2-year deferral on capital repayment.
-According to BRVM officials, the BIDC – EBID GSS BOND 6.50% 2024 -2031 title will quote ex-interest coupon from Monday January 27, 2025. Which means that investors who wish to acquire these bonds and therefore benefit from the half-yearly interest which will be paid on January 29, 2025, have until Friday January 24, 2025 to do so.
Oumar Nourou
Source : https://www.lejecos.com/La-BIDC-paiera-2275-millia…
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