The ECOWAS Investment and Development Bank (EBID) is issuing from this Monday, May 10, 2021, on the financial market of the West African Economic and Monetary Union (UEMOA), a bond loan by public call to the savings called “BIDC-EBID 6.50% 2021-2028” for an amount of CFAF 50 billion (€ 75 million).
Through this issue whose subscription continues until May 24, 2021 EBID intends to finance a number of projects identified in at least 7 UEMOA countries (Benin, Burkina, Côte d’Ivoire, Mali, Niger, Senegal , Togo) grouping together several sectors such as agrifood, infrastructure, energy and finance. In the understanding of EBID officials, this financing will not only contribute to the recovery of the economy but also to job creation, strengthening food security, poverty reduction and support for SMEs. through financial institutions.
Five million bonds at a price of 10,000 FCFA each are thus issued. To succeed with the loan operation, EBID offered investors an annual interest rate of 6.50% over a period of 7 years covering the period 2021-2028. Interest will be paid semi-annually from the dividend date of the securities. In addition, the income related to these obligations will be exempt from all taxes in ECOWAS countries.
The issuer has also undertaken to repay the capital semi-annually with a deferral of 2 years at the rate of one tenth of said capital over the 5 years.
EBID is a regular issuer of the WAEMU financial market. Currently, it has three outstanding bond issues that have been listed on the Regional Stock Exchange (BRVM) and whose financial services are regularly provided on good dates. These are BIDC-EBID 6.50% 2014 – 2021 borrowings of 40 billion FCFA, BIDC-EBID 6.10% 2017-2027 of 26 billion FCFA and BIDC-EBID 6.40% 2019-2026 of 47 billion FCFA.