The Regional Bank for Refinancing Mortgage of the West African Economic and Monetary Union (CRRH-UEMOA), a banking financial institution headquartered in Lomé, will launch, on the UEMOA financial market, its first Social Bond dedicated to affordable housing in the UEMOA for an amount of 60 billion FCFA through a bond through a public offering called Social Bond CRRH-UEMOA 6.00% 2025

The issue concerns social bonds dedicated to affordable housing, a first in the UEMOA zone and is part of the credit institution's 2023-2027 strategic plan. The funds to be raised will have a maturity of 15 years, with an interest rate of 6% payable semi-annually. Investors, legal and natural persons residing or not residing in UEMOA, are concerned by this operation to mobilize resources on the regional market

At the end of the operation, the funds raised will be used to refinance residential mortgage portfolios for affordable housing, granted by UEMOA banks to low and moderate income households. Shareholder banks will benefit from 70% of the total refinanced amount, while the remaining 30% will be allocated to non-shareholder banking institutions

According to the breakdown by country, 12 billion CFA francs, or 20% of the total amount, will be granted to banks based in Senegal, while those based in Côte d'Ivoire will receive 17%, or 10 billion. Banks operating in Benin, Togo and Mali will each benefit from 13%, or 8 billion. As for those from Burkina Faso and Niger, they will each receive 12%, or 7 billion CFA francs