Regulatory Alerts2021-08-12
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Notice No. 003-08-2021 on the Opening of a Special Twelve-Month Refinancing Window for Support and Resilience Bonds Issued by UEMOA Member States
The Central Bank of West African States (BCEAO) issued Notice No. 003-08-2021 to open a special twelve-month refinancing window for Support and Resilience Bonds (BSR) issued by UEMOA member states. This window enables banks to refinance BSRs at a minimum bid rate of 2.00% within thirty days of issuance, guaranteeing stable liquidity and favorable financing conditions throughout the bonds' lifespan. By maintaining eligibility on ordinary refinancing windows, the measure secures low-cost funding to support 2021 budgets and reinforce macroeconomic stability amid the Covid-19 pandemic.
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