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BOAD capital reinforcement: the institution plans to issue securities

04/10/2023
Source : ORISHAS FINANCE
Categories: Sectors

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La BOAD wants to increase its capital. For this reason, the bank has announced that it is working on an issue of super-subordinated securities in order to strengthen its capacity to support more structural regional projects

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The issue of securities is part of a program worth 600 million dollars, or about 372 billion CFA francs according to the announcement made by the president of the financial institution, Serge Ekue. The President said “we are working on a é super subordinate title mission on nstyle="font-family: "Bookman Old Style”, "serif"">é s to strong capital content representing a program of 600 million dollars, about 372 billion CFA francs. We are about to complete a $100 million transaction, or between 60 and 70 billion CFA francs Old Style”, "serif">”.

Super subordinated securities are financial instruments that lie between capital and debt in an institution's financial structure.
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