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Senegal: BHS repays 625 million FCFA of debt

12/07/2021
Categories: Sectors

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The Banque de l'habitat du Sénégal (BHS) had successfully raised on the financial market of the West African Monetary Union (WAMU) an amount of 20 billion FCFA. It paid the half-yearly interest on 10 July 2021.

 

BHS has paid the half-yearly interest on its bond issue by public offering called "Diaspora bonds BHS 6.25% 2019-2024" for an amount of 625 million FCFA (937,500 euros). During the period from May 16 to June 17, 2019, this banking institution specializing in housing finance had successfully raised on the financial market of the West African Monetary Union (WAMU) an amount of 20 billion FCFA. As such, it had issued 2 million bonds with a nominal value and an issue price of 10,000 FCFA.

With the funds raised, the bank's managers intended to strengthen the institution's financial resources for requests to finance access to customer property, mainly in the urban poles of Diamniadio and Lac Rose. At the end of the BHS 2015 project, BHS committed to a horizon called BHS 2020 with a Strategic Orientation Plan (SOP) for the period 2016-2020. This plan has been updated to include the major projects represented for Senegal by the urban hubs of Diamniadio and Lac Rose, which covers 1,946 hectares.

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