WAEMU: CRRH-UEMOA listed last week its eighth bond on the BRVM

Finance
Thursday, 04 July 2019 14:57
WAEMU: CRRH-UEMOA listed last week its eighth bond on the BRVM

(Togo First) - WAEMU’s regional mortgage refunding fund (CRRH-UEMOA) listed exactly one week ago its eighth bond, on the regional stock market, BRVM.

The operation helped raise a total of XOF30.2 billion between 30 October 2018 and January 15, 2019. The proceeds will be used to refund outstanding housing loans provided by banks that hold shares in CRRH-UEMOA.

The bond issuance, BRVM’s managing director Edoh Kossi Amenouve says, makes “CRRH-UEMOA one of the stock’s regular and major issuers.” This regularity according to him “confirms the relevance of the fund and the key role it plays in facilitating access to housing for people across the WAEMU.”

CRRH-UEMOA helps people access housing loans by providing banks with cash. It is based in Lomé, Togo. 

Ayi Renaud Dossavi

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