The BIDC loan of 50 billion CFA Francs opened for subscription on Monday, May 10, was closed early, in one day. According to exclusive information from Financial Afrik, the order book recorded a record subscription of around 260%, testifying on the one hand to investors’ appetite for fresh paper of good quality, remunerative and with a rather risk profile. weak and, on the other hand, the good structuring proposed by the main arranger, Impaxis Securities assisted by an investment syndicate comprising, as stated by Ababacar Diaw (interview), Coris Bourse as co-arranger and co-head leader and Ecobank Development Corporation (EDC) as co-leader. Institutionals from the zone and from the institutional sector have particularly positioned themselves, demonstrating the attractiveness of the WAEMU financial market in this period of uncertainty.
As a reminder, the EBID loan will be amortized over a maturity of 7 years at an interest rate of 6.50% / year net for investors residing in the UMOA region. Interest will be payable semi-annually from the effective date of the Operation and repayment of capital will be semi-annual, after two years of deferral. “The amounts collected will be used to support WAEMU member states in their economic recovery and the financing of development projects in sectors such as infrastructure, energy, water and health,” said Sydney VANDERPUYE , Finance Director of the institution.
Publishing Director of Kapital Afrik. In the African economic press for 17 years, Adama Wade had to work in Morocco in several editors. Captain at the Long Course of the Merchant Navy and holder of a Masters in Organizational Communication, Adama Wade has published an essay, “The Myth of Tarzan”, which describes the geopolitical complex of Africa.