WAEMU: CRRH-UEMOA's 60 billion FCFA Social Bond Debuts on Regional Exchange

Finance

Thursday, 04 September 2025 15:15

WAEMU: CRRH-UEMOA's 60 billion FCFA Social Bond Debuts on Regional Exchange

(Togo First) - The Regional Stock Exchange (BRVM) welcomes the CRRH-UEMOA 6.00% 2025 - 2040 "Social Bond", a CFA60 billion bond issue dedicated to financing affordable housing.

The Social Bond, arranged by Impaxis and confirmed by Moody's with an SQS1 (Excellent) rating, is expected to boost the credibility of the regional financial market and promote sustainable, inclusive finance.

On September 3, 2025, the Regional Stock Exchange (BRVM) set a significant milestone by listing the "Social Bond CRRH-UEMOA 6.00% 2025 - 2040". This bond issue, worth CFA60 billion, is to help low and middle-income earners living in the West African Economic and Monetary Union (WAEMU) secure decent and affordable housing. The event took place at the headquarters of the West African Development Bank (BOAD) in Lomé, the capital of Togo.
The fundraising was arranged by Impaxis through a public offering. It was based on 60 million bonds valued at CFA10,000 each, earning 6% net per annum for a term of 15 years, with a one-year deferred period.
The bond's social objective was validated by Moody's international agency, which assigned it an SQS1 (Excellent) rating, the highest possible for a sustainable finance tool. According to the BRVM’s Managing Director, Dr. Edoh Kossi Amenounve, this rating bolsters the stock’s credibility and boosts investor appeal for products focused on inclusive and sustainable finance, which align with people’s real needs.

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Amenounve highlighted the bond's innovative nature for the market, noting that it marks a step for the Union's countries towards inclusive and sustainable finance, especially as low and middle-income households struggle to afford decent housing.

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Yedau Ogoundele, the top manager of the issuer CRRH-UEMOA, expressed pride in the bond's listing on the BRVM. The social bond was oversubscribed by 112% totaling 67.2 billion FCFA, of which 60 billion FCFA was finally taken up. "This is a first in our sub-region," she declared. She added: "What we are celebrating today is much more than a financial operation. It's the first social bond issued in the UEMOA region, fully dedicated to affordable housing and marks 13 years of reliability and trust built with investors, banks, and people."
This marks a strong endorsement of CRRH-UEMOA's commitment to facilitating access to decent housing for middle and low-income households through long-term, structured, secure, and now sustainable financing.

S.A

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