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West African CFA bond breaks into Europe as UEMOA lender lists in Luxembourg

Bond trading. @ Unsplash
Trading on the bond market @ Unsplash
  • First UEMOA social bond lists on Luxembourg Green Exchange
  • Local-currency issue targets affordable housing finance

 

ABIDJAN, CÔTE D’IVOIRE – A West African housing finance institution has placed a local-currency bond on Europe’s sustainable finance map, marking a milestone for frontier-market capital integration.

The Caisse Régionale de Refinancement Hypothécaire de l’UEMOA (CRRH-UEMOA) has listed a 60 billion CFA franc ($91 million) social bond on the Luxembourg Stock Exchange, becoming the first issuer from the eight-member West African Economic and Monetary Union to do so.

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