Through a debt securitization transaction on the UEMOA regional financial market, the Banque Agricole (LBA), main Senegalese institution dedicated to the financing of rural areas, is in the search for 80 billion FCFA (143 million $).

The bond issue, called “FCTC Croissance Agricultural”, is open for subscription from August 28 to September 26. She has with the aim of freeing up new resources to finance a sector crucial, but still poorly served by bank credit. The operation is is divided into two compartments: a senior bracket of 60 billion FCFA offering a rate of 8% and a mezzanine of 20 billion FCFA paid at 9%. With a maturity of seven years, the shares provide for a semi-annual repayment of principal and interests.

As a reminder, LBA is positioned in 11 ᵉ place in Senegal among establishments, with 306.6 billion FCFA in credits to the economy at the end of 2024. It is a part of this portfolio that The establishment is now seeking to give in to the market, in order to cash in new liquidity, to mitigate its risks and to create margins of maneuver to finance new loans.

According to information, rating agencies Regions gave the senior bracket an AAA rating with a stable outlook and AA+ at the mezzanine level. The show has several mechanisms of security, in particular an oversizing of securitized assets, an account and a reserve portfolio, as well as a guarantee at first request from the State of Senegal, enshrined in the Finance Law. An application for admission to the list of the Regional Stock Exchange (BRVM) is also planned, in order to to ensure the liquidity of the securities.