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UEMOA Plans to Issue $1.4Billion Coronavirus Bond

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UEMOA announce plans to issue $1.4billion coronavirus bond in response to COVI-19 crisis. 

According to reports, the members of the West African monetary union UEMOA have plans to raise 846 billion CFA francs ($1.40 billion).

See Also: West African Monetary Zone Including Nigeria Issued a Statement Rejecting the Change of CFA Franc to Eco Currency.

The lead manager UMOA-Titres, on Thursday notes that the bond will be raised on the regional debt market to combat the coronavirus crisis.

In an email announcement, UMOA-Titres said that the distribution of the  COVID-19 social coupons will begin next Monday. Additiinally, he said that the instrument would benefit from access to the financing office at the regional central bank.

UEMOA’s members are Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.

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