The Regional Mortgage Refinancing Fund of the West African Economic and Monetary Union (CRRH-UEMOA) will proceed, on October 26, 2020, to the payment of half-yearly interest and the partial repayment of the capital of its bond loan called CRRH-UEMOA 6% 2013- 2023 for a total amount net of tax of 1.222 billion FCFA (1.833 million euros), announced the leaders of this structure based in Benin.

This amount includes the amortization of the capital borrowed for one billion FCFA and interest for 222.136 million FCFA. During the period from September 16 to October 18, 2013, CRRH-UEMOA had issued on the financial market of the West African Economic and Monetary Union (UEMOA) a debenture loan of 20 billion FCFA.

The proceeds of the loan were intended to ensure its housing loan refinancing operations in favor of the WAEMU banks which are its shareholders.

The operation was accompanied by an annual interest rate of 6% over a period of 10 years. The issuer had undertaken with its subscribers to pay them the interest as well as the repayment of the capital on a half-yearly basis. Since then, it has never failed.

CRRH-UEMOA was created in July 2010 in Cotonou, Benin under the initiative of the Central Bank of West African States (BCEAO), the West African Development Bank (BOAD) and the Regional Council Public Savings and Financial Markets (CREPMF). Its objective is to refinance the housing loans of WAEMU banking establishments. Currently, its shareholders are made up of 55 commercial banks from WAEMU, BOAD, the ECOWAS Bank for Investment and Development (EBID), Shelter Afrique and IFC, a subsidiary of the World Bank Group. for private sector financing.