Caractéristiques de l’opération

Caractéristiques de l'opération

Wording	Features
Denomination	“GSS Bond BIDC-EBID 6.50% 2024 – 2031”
Issuer	ECOWAS Bank for Investment and Development
Amount of the issue	70 000 000 000 FCFA
Interest rate	6.50% net per year
Duration of the loan	7 years including 2 years deferred on capital repayment
Type of investment	Public offering
Nature of titles	Bonds
Purpose of the Operation	Financing the recovery plan in the WAEMU zone - Covid-19 context
	Financement de projets pour l’atteinte des Objectifs de Développement Durable
Rank of titles	Pari passu
Issue price	10 000 FCFA – Au pair
Nominal value	10 000 FCFA
Number of shares to be issued	7,000,000 bonds
Taxation	In accordance with Article 49 of the Articles of Association, EBID enjoys the following immunities, privileges, financial facilities and tax exemptions
	Income from these bonds will be exempt from tax in all ECOWAS countries.
Form of securities	The securities will be dematerialised, registered in an account with the Central Depositary/Settlement Bank (DC/BR) and held in the books of the WAEMU SGIs or approved account-keeping banks. held in the books of WAEMU SGIs or approved account-keeping banks
Subscribers	Corporate and individual investors in the WAEMU and abroad
Liquidity of securities	L’obligation “GSS Bond BIDC-EBID 6,50% 2024 – 2031” fera l’objet d’une demande d’admission au compartiment obligataire de la BRVM dès la clôture de l’Opération
	Les opérations secondaires se feront via les ordres introduits auprès des acteurs agréés par l’AMF – UMOA
Payment of interest and repayment of capital	Interest will be paid semi-annually from the date on which the shares are entitled to dividends.
	The capital will be repaid semi-annually at a rate of one tenth (1/10) of the capital over 5 years.
Competent court	The Bonds are governed by the regulations in force on the UMOA Regional Financial Market and the OHADA regulations. Any dispute to which the Borrowing may give rise between the investors and EBID shall be settled amicably, and failing amicable settlement within three months, shall be finally settled by arbitration, the organisation of which shall be entrusted to the Joint Court of Justice and Arbitration of OHADA (CCJA), based in Abidjan in accordance with its arbitration rules.
International rating	Fitch - B with stable short- and long-term outlook - April 2024
	Moody's - B2 with stable short- and long-term outlook - October 2023
Guarantee	The callable capital serves as full security for the Bank's various borrowings.
	At 31 December 2023, the authorised capital is UA 2.5 billion (i.e. FCFA 2,014 billion), including callable capital of UA 1,050 million (i.e. FCFA 846 billion).

Launching Ceremony via VIDEOCONFERENCE: XXXXXXXXXXXXXX

Caractéristiques de l'opération

Investment syndicate

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