Regulatory Alerts2022-03-14
BCEAO 2022 Renewal of Refinancing Facilities for Relance and Support and Resilience Bonds Issued by UEMOA Member States
The Central Bank of West African States (BCEAO) renews its 2021 refinancing facilities for Relance Bonds and Support and Resilience Bonds issued by UEMOA member states, extending eligibility to all 2022 issuances. Banks may mobilize resources against these bonds on dedicated windows for six months at the minimum BCEAO auction bid rate, with Support and Resilience Bonds refinanced within 30 days of issuance upon request. Both bond categories remain eligible for standard refinancing windows alongside these renewed dedicated facilities.
[IMAGE: Logo of the BCEAO]
NOTICE NO. 01 - 03 - 2022 REGARDING THE 2022 RENEWAL OF REFINANCING FACILITIES FOR RELANCE BONDS AND SUPPORT AND RESILIENCE BONDS ISSUED BY UEMOA MEMBER STATES
In 2021, the Central Bank of West African States (BCEAO) established special windows for the refinancing of Relance Bonds (OdR) and Support and Resilience Bonds (BSR) issued on the regional financial market.
For 2022, the BCEAO, in collaboration with UMOA-Titres, has decided to renew both resource mobilization initiatives, namely the Relance Bonds (OdR) and Support and Resilience Bonds (BSR).
In this regard, the Central Bank has decided to admit for refinancing on the "Relance Bonds Window" new OdR issued in 2022. Banks may mobilize resources on this special window for a duration of six (6) months at the minimum bid rate in BCEAO auctions. Similarly, BSR issued in 2022 will be refinanced on the "Support and Resilience Window" at the minimum bid rate in Central Bank auctions. The refinancing of BSR on the Support and Resilience Window will be carried out, upon banks' request, within 30 days from their issuance date.
OdR and BSR issued in 2022 remain eligible on the Central Bank's ordinary refinancing windows.
Done in Dakar, March 8, 2022
THE CENTRAL BANK OF WEST AFRICAN STATES