Regulatory Alerts2023-08-24
Circular No. 001-2005 on the Content of the Issuance Report for Securities on the Regional Financial Market
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) mandates that Management and Intermediation Companies (SGI) and issuers submit a standardized issuance report to the Regional Council within eight business days of fixing the value date. This report must include a primary characteristics table, a definitive amortization schedule for bond loans, and detailed subscription distribution tables segmented by underwriting syndicate member, subscriber type, country of subscription, country of residence, and socio-professional category. The prescribed template ensures consistent disclosure of offering terms, subscription volumes, and financial allocations across the West African Monetary Union's regional financial market.
Regional Council for Public Savings and Financial Markets CREPMF
West African Monetary Union
CIRCULAR NO. 001-2005 ON THE CONTENT OF THE ISSUANCE REPORT FOR SECURITIES ON THE REGIONAL FINANCIAL MARKET
The General Secretariat of the Regional Council for Public Savings and Financial Markets (CREPMF) informs Management and Intermediation Companies (SGI) and issuers that the report submitted to the Regional Council following the issuance of securities on the regional financial market must contain the following information elements:
- the table of the main characteristics of the operation;
- the definitive amortization table in the case of bond loans;
- the tables relating to the distribution of subscriptions by:
- member of the underwriting syndicate,
- type of subscriber (individual, institutional, OPCVM, SGI acting for own account, etc.),
- country of subscription,
- country of residence of subscribers,
- socio-professional category for natural persons.
The issuance report must be prepared according to the attached template and submitted to the Regional Council no later than eight (8) business days after the fixation of the value date.
Done in Abidjan, on August 1, 2005
The General Secretary Edoh Kossi AMENOUNVE
P.S.: Issuance Report Template
P.O. Box 1878, Abidjan 01/Côte d’Ivoire – Avenue Joseph ANOMA TEL.: (225) 20215742/20215768/20315620 Fax: 20332304 Email: sg@crepmf.org/ Website: http://www.crepmf.org
ISSUANCE REPORT
Date:
I- CHARACTERISTICS OF THE OPERATION
| Category | |
|---|---|
| GENERAL CHARACTERISTICS | |
| Issuer | |
| Operation type | |
| Operation name/designation | |
| Issue price | |
| Face value of the security | |
| Number of securities offered | |
| Amount offered | |
| Loan duration (for loans/bonds) | |
| Interest rate | |
| Amortization (for loans/bonds) | |
| Taxation | |
| Guarantee(s) | |
| SUBSCRIPTIONS | |
| Subscription start date | |
| Subscription end/closure date | |
| Value/Entitlement date | |
| Number of securities requested | |
| Amount requested | |
| Number of securities allotted/fulfilled | |
| Amount fulfilled/allotted | |
| Lead underwriter/Placement manager | |
| Members of the underwriting syndicate |
II- DEFINITIVE AMORTIZATION TABLE (for loans/bonds)
| Year | Opening balance | Interest | Amortization | Closing balance |
|---|---|---|---|---|
III- ANALYSIS OF RESULTS TABLES
III- 1. DISTRIBUTION BY UNDERWRITING SYNDICATE MEMBER
| Underwriting agent | Country | Number of securities subscribed | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|---|
| Total |
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III- 2. DISTRIBUTION BY SUBSCRIBER TYPE
| Subscriber Type | Number of securities subscribed | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|
| Individuals | |||
| Institutional | |||
| OPCVM | |||
| SGI acting for own account | |||
| Others | |||
| Total |
III- 3. DISTRIBUTION BY COUNTRY OF SUBSCRIPTION
| Country | Number of securities subscribed | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|
| Total |
III- 4. DISTRIBUTION BY COUNTRY OF RESIDENCE
| Country | Number of securities subscribed | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|
| Total |
III- 5. DISTRIBUTION BY SOCIO-PROFESSIONAL CATEGORY (Natural Persons)
| Category | Number of securities subscribed | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|
| Total |
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IV- SUBSCRIPTION DETAILS
| Subscriber | Country | Number of securities subscribed | Number of securities allotted/retained | Amount (Millions FCFA) | Percentage value |
|---|---|---|---|---|---|
| Total |
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