BRVM to List $107M Social Bond for Housing Next Month

Daba Finance/BRVM to List $107M Social Bond for Housing September

BREAKING NEWSAugust 25, 2025 at 2:43 PM UTC

TLDR

The Bourse Régionale des Valeurs Mobilières (BRVM) will on September 3 list the Social Bond CRRH-UEMOA 6.00% 2025–2040
The CFA 60 billion ($107 million) bond was launched through a public offering between May 5 and 23, attracting subscriptions for six million securities
Proceeds will finance access to housing across the eight WAEMU countries and directly support several UN Sustainable Development Goals

The Bourse Régionale des Valeurs Mobilières (BRVM) will on September 3 list the Social Bond CRRH-UEMOA 6.00% 2025–2040, issued by the regional mortgage refinancing company CRRH-UEMOA.

The CFA 60 billion ($107 million) bond was launched through a public offering between May 5 and 23, attracting subscriptions for six million securities priced at CFA 10,000 each. The issue carries a 6% annual coupon, maturing in 2040, with first dividend payments scheduled for June 4, 2025.

Proceeds will finance access to housing across the eight WAEMU countries and directly support several UN Sustainable Development Goals, including poverty reduction (SDG 1), inequality reduction (SDG 10), and sustainable cities (SDG 11). SGI Impaxis Securities acted as IPO manager.

This is the BRVM’s first social bond, reflecting a shift toward inclusive finance aligned with international sustainability standards. Based in Lomé, CRRH-UEMOA refinances mortgage loans across WAEMU and is strengthening its role as a key vehicle for mobilising institutional and retail savings into long-term housing finance.

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Key Takeaways

The CRRH-UEMOA social bond marks a milestone for WAEMU’s capital markets, adding a sustainability-linked instrument to a market historically dominated by sovereign and corporate debt. By targeting housing, the bond addresses one of West Africa’s most pressing needs while aligning the region with global ESG standards. For the BRVM, the listing enhances market depth and signals openness to innovative products that can attract both local savers and international impact investors. For governments, it provides a model for financing development priorities without over-reliance on short-term debt. The challenge ahead will be sustaining momentum—ensuring that proceeds are transparently deployed and that future sustainable issues broaden beyond housing to sectors such as renewable energy and infrastructure. If successful, WAEMU could position itself as a continental leader in social and green finance.

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