CRRH-UEMOA issues CFA30 billion bond to improve housing across WAEMU

Finance
Tuesday, 13 November 2018 14:41
CRRH-UEMOA issues CFA30 billion bond to improve housing across WAEMU

(Togo First) - CRRH just issued a CFA30 billion bond to refinance housing loans provided by its shareholder banks in WAEMU countries.

Valid until November 20, 2018, the bond, the eighth issued by CRRH-UEMOA, is divided into two tranches : “CRRH-UEMOA 5.95% 2018-2030”, valued at CFA25 billion, with a yearly interest rate of 5.95% and 12-year maturity period ; and the second, “CRRH-UEMOA 6.05% 2018-2033”, valued at CFA5 billion, with a yearly interest rate of 6.05%, free of tax and duty in all WAEMU States, and having a maturity period of 15 years.

Since July 2012, the institution raised a total of CFA132 billion for 34 shareholder banks in WAEMU States. Adding the present bond, this amount will reach CFA162 billion.

CRRH-UEMOA, let’s recall, is headed by Christian Agossa and is a regional initiative that aims to improve financing dedicated to housing in WAEMU countries.

Séna Akoda

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