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

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…

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

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…

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