{"id":469238,"date":"2020-12-08T13:41:12","date_gmt":"2020-12-08T12:41:12","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=469238"},"modified":"2020-12-08T13:41:12","modified_gmt":"2020-12-08T12:41:12","slug":"banks-boad-repays-more-than-cfaf-25-billion-in-debt-on-december-26","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/12\/08\/banks-boad-repays-more-than-cfaf-25-billion-in-debt-on-december-26\/","title":{"rendered":"Banks: BOAD repays more than CFAF 25 billion in debt on December 26"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The West African Development Bank (BOAD), will proceed on December 26, 2020 to the payment of annual interest and the partial repayment of its bond loan called BOAD 5.95% 2014-2021 for a total amount net of tax of 25.046 billion FCFA (37.569 million euros).<\/p>\n<p>By decision N \u00b0 042\/2013 \/ CA \/ BOAD, the board of directors of BOAD had authorized a bond issue by public offering on the financial market of the West African Monetary Union (UMOA) for an initial amount of 40 billion FCFA.<\/p>\n<p>The bond price was set at 10,000 FCFA with an annual interest of 5.95% net of tax. The funds to be raised were to be used to finance public, commercial and private sector projects in the West African Economic and Monetary Union (UEMOA).<\/p>\n<p>The bond loan was a resounding success with results far exceeding the expectations of officials of this community development finance institution. Indeed, at the end of the operation which took place from December 1 to 19, 2014, an amount of FCFA 89.53 billion had been raised, i.e. an additional sum of FCFA 49.53 billion compared to the initial amount. solicited.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The West African Development Bank (BOAD), will proceed on December 26, 2020 to the payment of annual interest and the partial repayment of its bond loan called BOAD 5.95% 2014-2021 for a total amount net of tax of 25.046 billion FCFA (37.569 million euros). By decision N \u00b0 042\/2013 \/ CA \/ BOAD, the board<\/p>\n","protected":false},"author":536282,"featured_media":469239,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16158,11996],"tags":[15468,193,16894],"class_list":{"0":"post-469238","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-bank","8":"category-finance-en","9":"tag-banks","10":"tag-boad","11":"tag-december-26","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banks: BOAD repays more than CFAF 25 billion in debt on December 26 - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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