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Green and sustainable bond: the BIDC will pay 2.275 billion FCFA in half-year interest

22/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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The management of the Regional Stock Exchange (BRVM) announced that the ECOWAS Investment and Development Bank (BIDC) will pay semi-annual interest on January 29, 2025 on January 29, 2025, half-yearly interest on its first green and sustainable bond (GSS Bond) by public offering (APE)

called “BIDC - EBID GSS BOND 6.50% 2024 -2031" on the UEMOA regional financial market for an amount of 2.275 billion FCFA.

The BIDC - EBID GSS BOND 6.50% 2024 -2031 stock will trade ex-interest coupon from Monday, January 27, 2025. Investors who wish to acquire these bonds and therefore benefit from the semi-annual interest that will be paid on January 29, 2025, have until Friday January 24, 2025 to do so, according to BRVM officials. In reality, the BIDC had requested the UEMOA financial market for an amount of 70 billion CFA francs during the period from July 15, 2024 to August 9, 2024. The number of securities issued was 7 million bonds with an issue price and a nominal value of 10,000 FCFA. According to the information, the operation aimed on the one hand to finance the recovery plan in the UEMOA zone in a Post-Covid-19 context and on the other hand to finance projects to achieve the Sustainable Development Goals

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