EBID will launch a bond issue on the WAEMU regional financial market. In an exclusive interview with the news site alome.com, Dr. Agyekum Nana Donkor, President of EBID and Ababacar Diaw, CEO of Impaxis indicate the primary objective of this issue which aims to contribute to the deepening of the regional financial market.

The mobilization of FCFA resources allows EBID to easily meet its FCFA loan commitments without exposing itself to exchange rate risks. According to Agyekum Nana Donkor, EBID's strategy is to mobilize funds guaranteed by Export Credit Agencies (ACE), bilateral loans, concessional financing and recover capital from shareholders.
" Significant successes have been recorded in terms of capital recovery (even beyond the projections for 2021 and 2022). The Bank has secured financing from ACE for the reference period on specific projects, and the imminent closure of several bilateral loans is in sight ," he said.
In his interview, he reassures that EBID is working assiduously to improve its working methods, with the implementation of effective and efficient reforms.
For his part, Ababacar Diaw, CEO of Impaxis explains that this fundraising program of 240 billion FCFA is the largest by a non-sovereign issuer since the establishment of the regional financial market in 1996. It intervenes in a specific context with the current Covid-19 pandemic. EBID, due to its unique position within the ECOWAS region, intends to play a major role in financing economic recovery and the development of the various economies. On this Transaction, IMPAXIS is accompanied by Coris Bourse as co-arranger and co-lead, and Ecobank Development Corporation (EDC) as co-lead, the three entities constituting the Consortium. This team, composed of African institutions with a deep knowledge of the region and unique access to a regional and international investor base, was a unique asset in the structuring of the Operation. Today, EBID is launching the first tranche of this program with an amount of 50 billion FCFA. The loan will be amortized over a maturity of 7 years at an interest rate of 6.50% / year net for investors residing in the WAMU region.