BOAD | Africa Inc.

West African Development Bank receives support from Global investors for its first bond issue

February 9, 2021February 9, 2021 Frank

WEST AFRICA – West African Development Bank (BOAD) has issued its first bond with sustainable development objectives (Sustainability Bonds) and has since received a welcome from Global investors. This issue amounting to €750 million (US$902) with a 12-year maturity, attracted more than 260 investors across the world (40% from the United Kingdom, 40% from Europe, 17% from the United States, 2% from Asia, and 1% from the Middle East), It also includes 75% asset managers and 21% institutional investors (banks, insurance companies and pension funds). The issue was oversubscribed six…

OPEC Fund partners with BOAD to strengthen development cooperation in West Africa

October 30, 2020October 30, 2020 Frank

WEST AFRICA – The OPEC Fund for International Development (OFID) have signed a Framework Agreement with the West African Development Bank (BOAD) to further strengthen their development cooperation in the member countries of the Western African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Côte-d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. The agreement focuses on increased engagement and knowledge-sharing between the two institutions and ensures enhanced cooperation in co-financing public and private sector projects, as well as supporting international trade and regional integration. It also enables the OPEC Fund and…