BOAD mobilizes $ 830 million in the international financial market

Christian ADOVELANDE, President of the West African Development Bank (BOAD), is since 2011 at the head of the Community Development Financing Institution. Of Beninese nationality, this discreet economist climbed all the levels of this Bank which he integrated at the end of his studies.

The West African Development Bank (BOAD) has just completed, on October 16, 2019, its third eurobond with an amount of $ 830 million at the rate of 4.7% for a maturity of twelve years.

The amount raised was hedged into euros. The international financial community has just trusted BOAD’s signature under the leadership of its management and its strategic orientations. « This is a satisfaction for our bank whose investment grade has been confirmed from year to year for five years, » commented Christian Adovelande, president of the BOAD.

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