The West African Development Bank (BOAD), will proceed on December 26, 2020 to the payment of annual interest and the partial repayment of its bond called BOAD 5.95% 2014-2021 for a total amount net of taxes of 25.046 billion FCFA (37.569 million euros).

By decision No. 042/2013/CA/BOAD, the BOAD Board of Directors had authorized a bond issue by public offering on the financial market of the West African Monetary Union (WAMU) for an initial amount of 40 billion FCFA.

 The price of the bond was set at 10,000 CFA francs with an annual interest of 5.95% net of taxes. The funds to be raised were to be used to finance projects in the public, commercial and private sectors in the West African Economic and Monetary Union (WAEMU).  

The bond issue was a great success with results far exceeding the expectations of the leaders of this Community development finance institution. Indeed, at the end of the operation that took place from the first to December 19, 2014, an amount of 89.53 billion FCFA had been raised, an additional sum of 49.53 billion FCFA compared to the initial amount requested.