The ECOWAS Investment and Development Bank (BIDC) public offering transaction was subscribed oversubscribed earlier than expected, resulting in its successful early closing.

L'obligation GSS Bond BIDC-EBID 6,50% 2024-2031 was launched a week ago. It attracted the interest of several regional investors. This had already been the case for the first (50 billion FCFA) and the second (120 billion FCFA) installments of this multi-year borrowing program worth a total of 240 billion FCFA, which was mobilized during the months of May 2021 and 2022. The overall annual interest rate is 6.5% but is payable in two annual instalments. This means that investors will not wait for the end of a period of 12 months to start receiving the gains from their investment and very quickly, they will share an initial installment of 2.275 billion FCFA in interest. The operation is a pioneer in UEMOA, as it is the first green and sustainable bond by public offering in this sub-region