Social Bond Investors Bought Through Daba Lists in Luxembourg
TLDR
- CRRH-UEMOA's 6% fixed-rate XOF-denominated social bond maturing in 2040, supporting affordable housing in WAEMU, now listed on Luxembourg Stock Exchange alongside BRVM.
- Dual listing marks first for WAEMU-issued bond, demonstrating growing international interest in impact-driven African assets.
- Daba enables investor access to the bond, emphasizing transparency, impact, and global standards for governance and sustainability.
A social bond issued by CRRH‑UEMOA and accessed by investors through Daba has been listed on the Luxembourg Stock Exchange, while continuing to trade on the BRVM.
The bond, a 6% fixed-rate XOF-denominated instrument maturing in 2040, finances affordable housing across the WAEMU region. Its dual listing marks the first time a WAEMU-issued bond has been listed both locally and in Luxembourg, and reflects growing international demand for transparent, impact-driven African assets.
The bond remains traded on the BRVM, its original market, while also being admitted to trading in Luxembourg. Investors accessed the issuance through Daba.
The transaction links the BRVM with a major international financial center and raises the profile of WAEMU issuers among global investors. The bond was largely subscribed at issuance on the regional market, reflecting demand for local-currency instruments tied to social outcomes.
Proceeds from the bond are aimed at financing affordable housing projects across the WAEMU region. Officials said the operation supports the development of sustainable finance and expands funding options for long-term social infrastructure.
The Luxembourg listing places the bond on the LGX platform, which focuses on sustainable securities. The move highlights growing alignment between regional African markets and international standards on disclosure, governance, and impact finance.
For BRVM participants, the deal broadens the range of listed instruments and strengthens cross-border market integration. For regional issuers, it offers a pathway to international capital while maintaining a local investor base.
For Daba users, this milestone highlights direct access to securities that meet global standards for governance, sustainability, and liquidity—while remaining anchored in the real economy. This is the type of opportunity Daba was built to democratize: local-currency assets, real social impact, and international market recognition.
Key Takeaways
The dual listing signals a shift in how WAEMU capital markets connect with global finance. Until now, most regional bonds remained confined to local investors, limiting liquidity and international visibility. Listing the CRRH-UEMOA bond in Luxembourg opens access to a wider pool of institutional investors that track listed and labeled securities. The transaction also shows that local-currency bonds can meet international listing and sustainability standards. This may lower funding costs over time and encourage other regional issuers to consider similar structures, especially for housing, infrastructure, and climate-linked projects. For investors, the deal provides exposure to WAEMU credit risk through a security recognized on a global exchange, without losing its link to the real economy. For platforms like Daba, it reinforces a model that connects retail and institutional investors to assets that combine social impact, regulatory oversight, and cross-border liquidity. If replicated, this approach could deepen WAEMU capital markets while positioning the BRVM as a gateway between regional savings and global capital.

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