• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Benin Republic to raise $750 million in first ever dollar-bond issuance

David Olujinmi by David Olujinmi
February 2, 2024
in Economy
Dollar bond
Share on FacebookShare on TwitterShare on Linkedin

According to a report from Reuters, Benin Republic is seeking to raise $750 million in its first ever dollar denominated bond issuance.

It is noted that the Benin Finance Minister, Romuald Wadagni will be leading a group of Beninoise policymakers in physical and virtual meetings with investors, which include a road show in London and New York.

Before now, the Benin Republic only issued international bonds in the Euro currency as its currency, West African CFA is pegged to the Euro.

RelatedStories

Nigerian Custom service

Nigeria, Benin Republic agree on single-entry declaration form for border crossing

June 8, 2024
Benin Republic, Patrice Talon

Benin Republic raises $750 million in first-ever dollar bonds as demand hit $5 billion

February 7, 2024

What you should know

The move by Benin Republic may mark the second issuance of dollar-denominated bonds in Africa this year, after Ivory Coast raised about $2.6 billion in Eurobonds issuance in January 2024.

Ivory Coast raised $1.1 billion through the issuance of sustainable bonds which have a maturing date of 2033 and an additional $1.5 billion for conventional debt with a maturity date set for 2037. The move by Ivory Coast marks the first Eurobonds issuance by an African country since 2022, as well as the first USD-denominated bond sale by the country since 2017.

In 2021, the Benin Republic issued two bonds which it used to raise 1 billion Euros cumulatively. It raised 700 million Euros with an 11-year-maturity bond and 300 million Euros with a 31-year-maturity bond. At the time, the issued bonds reached a subscription reached a subscription of 3 billion Euros.

According to the Impact Report 2023 released by the Beninoise Finance Ministry, the bonds issued were focused on the drive to achieve the Sustainable Development Goals.

Some of the measured impacts of the bonds include 1,807,807 vaccines administered under the country’s Expanded Programme on Immunisation, 1.05 million schoolchildren benefitting from the school canteen programme, 9,676 teachers recruited in 2022, and 30 agricultural entrepreneurs benefitting from access to credit.

Tags: Benin Republicdollar-bond issuance
David Olujinmi

David Olujinmi

David Olujinmi is an ambitious and dynamic individual with a strong educational background in engineering. While engineering laid the foundation for his analytical skills, David's true passion lies in the world of finance, particularly in the intricacies of capital markets, investment banking, and asset management.

Related Posts

Nigerian Custom service
Business

Nigeria, Benin Republic agree on single-entry declaration form for border crossing

June 8, 2024
Benin Republic, Patrice Talon
Economy

Benin Republic raises $750 million in first-ever dollar bonds as demand hit $5 billion

February 7, 2024
Malaria vaccine
Health

Benin Republic receives 215,900 doses of malaria vaccine

January 16, 2024
NUC building
Business News

FG temporarily suspends accreditation of degree certificates from Benin, Togo

January 2, 2024
NSCDC jointly expose 12 illegal oil refining sites in Delta
Business News

Nigeria, 3 others launch operations to combat sea piracy

September 12, 2023
CBN forex restrictions on food itemsCBN approves new cheque standard for banks, Banks complex documentation makes it harder to access foreign exchange for Nigerians
Circulars

CBN warns Nigerian banks to be vigilant of transactions related to the Benin Republic

May 5, 2022
Next Post
Adenike Aboderin

SAHCO Plc appoints Adenike Aboderin as Managing Director/CEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG orders emergency care reforms at FMC Abuja, plans nationwide training rollout 
  • President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 
  • Africa needs gas as a transformational fuel for development – Sahara Group 

Follow us on social media:

Recent News

Federal Medical Center Abuja to begin subsidizing dialysis treatment for kidney patients soon

FG orders emergency care reforms at FMC Abuja, plans nationwide training rollout 

July 14, 2025
President Tinubu appoints 6 Chief Medical Directors for federal hospitals on 4-year terms 

President Tinubu summons emergency FEC meeting to honour late Muhammadu Buhari 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics