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Originally published by The Kenyan Wall Street
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business
October 22, 2025
8h ago

The West African Development Bank (BOAD) Raises € 1bn from International Markets

The West African Development Bank (BOAD) Raises € 1bn from International Markets

Banque Ouest Africaine de Développement (BOAD) has completed a EUR 1 billion bond issuance with a 15-year maturity...

✨ Key Highlights

The West African Development Bank (BOAD) has successfully raised €1 billion through a 15-year bond issuance in international markets, marking the longest euro-denominated benchmark bond ever issued by an African Multilateral Development Bank (MDB).

  • The bond issuance generated a strong order book of €2.7 billion, with the proceeds dedicated to high-impact projects within the West African Economic and Monetary Union (WAEMU).
  • Serge Ekue, President of BOAD, stated that this achievement is a clear recognition of the bank’s creditworthiness despite challenging environments.
  • Investors from the United Kingdom and Ireland accounted for the largest allocation at 49%, followed by DACH/German-speaking countries at 23%.

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