BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

Sonatel launches a bond loan of 100 billion FCFA, the most never made by a private sector at the BRVM

The 100 billion CFA Franc bond loan that Sonatel is preparing to launch from June 15 to July 15 is an important step in the history of the regional financial market of the Economic and Monetary Union of Africa. the West (UEMOA). Indeed, never has such an amount been requested by a private issuer. Market players looking for fresh paper and a safe and profitable investment have a unique opportunity to reconcile their requirements with this loan. "Sonatel has a strong capacity to honor debt service and presents a very low credit risk which, I think, will reassure investors in these times of uncertainty," said Sonatel CEO Sékou Dramé.

Sonatel launches a bond loan of 100 billion FCFA, the most never made by a private sector at the BRVM

Issue 71 of Financial Afrik available for download from June 15.

The operation is led by Impaxis, “merchant bank, arranger and leader of the overall operation, including, initially, a bridging loan with lead Credit Suisse and other international / regional banks and, secondly, the bond issue so as not to delay the execution of the CAPEX plan ”, explains Ababacar S. Diaw, general manager of Impaxis. The two managers answered our questions in the monthly number 71 of Financial Afrik from June 15 to July 14.