The Central Bank of African States de l'Ouest (BCEAO) has officially agreed to the refinancing of social bonds issued by the Regional Refinancing Fund UEMOA mortgage (CRRH-UEMOA). The information was made public by the regional institution, following the decision of the Policy Committee BCEAO monetary statement published on 3 December last

This decision is a strong signal. for the regional financial market. It confirms, in fact, that all of eleven bond issues carried out by CRRH-UEMOA since 2012 have all have been accepted for refinancing by the Central Bank. For banks, this recognition results in strengthened liquidity in securities and, above all, through increased prudential and regulatory attractiveness.

Renewed confidence in the solidity of the issuer

This validation by the BCEAO illustrates the lasting trust granted to CRRH-UEMOA. It is based in particular on the quality of its governance and on its constant commitment to mobilize long, secure resources with a high social impact. Since its creation, the institution has positioned itself as a key player in housing finance affordable in the UEMOA area.

By investing in financial instruments innovative and responsible, CRRH-UEMOA thus contributes to meeting a need major structural: the access of low- and middle-income households to a decent home.

Funds dedicated to the financing of social housing

Concretely, the resources raised thanks to these social obligations will be fully allocated to the refinancing of residential mortgage portfolios. These loans are granted by UEMOA commercial banks to eligible households, in accordance with statutes of the CRRH-UEMOA.

This approach is fully in line with the dynamics of the Sustainable Development Goals. It contributes directly to SDG 1, relating to the eradication of poverty, to SDG 10, focused on reduction of inequalities, as well as SDG 11, which aims to promote cities and sustainable communities.

On a technical level, this obligation social is in accordance with the taxonomy of the Autorité des Marches Financiers of the UMOA (AMF-UMOA) relating to green and social emissions, published in March 2024. It has also been subject to an independent evaluation.

Thus, Moody's issued a Second Party Opinion (SPO) to this show, giving it the highest rating on the social obligations scale, which is SQS1 — Excellent. An acknowledgement which reinforces the credibility of the instrument among investors institutional.