€91m CRRH-UEMOA West African Social Bond Listed on LGX, BRVM

On Monday 12 January 2026, the Luxembourg Stock Exchange (LuxSE) announced the dual listing of a FCFA 60 billion social bond, issued by the Caisse Régionale de Refinancement Hypothécaire de l’Union Economique et Monétaire Ouest-Africaine (CRRH-UEMOA), on the Luxembourg Green Exchange (LGX) and the Bourse Régionale des Valeurs Mobilières (BRVM).

The listing was celebrated during LuxSE’s first Ring the Bell ceremony of 2026, bringing together the leadership of CRRH-UEMOA, LuxSE and BRVM to mark the dual listing of CRRH-UEMOA’s inaugural social bond, equivalent to €91 million.

According to LuxSE, this is both the first social bond from a West African Economic and Monetary Union (WAEMU) issuer to be displayed on the LGX platform and the first instrument to be listed on both LuxSE and BRVM since the two exchanges signed a Memorandum of Understanding (MoU) in 2022.

“We are delighted to welcome the first social bond from the WAEMU to be displayed on the LGX Platform and to celebrate the first dual listing between our exchange and BRVM. Through this dual listing, LuxSE reaffirms its commitment to supporting the issuers of Africa to access international capital markets using local currencies and to working together with African exchanges such as BRVM to further the development of sustainable finance in the region,” said Julie Becker, CEO of LuxSE.  

Founded in 2010 and headquartered in Lomé, Togo, CRRH-UEMOA is a regional financial institution. By providing long-term refinancing solutions, the bank supports mortgage lending and affordable housing for low- and middle-income families.

The bond became the first social bond listed on the BRVM in September 2025, highlighting the growing role of capital markets in sustainable finance.

Exclusively dedicated to financing affordable housing, the bond will be used to refinance residential mortgage portfolios originated by WAEMU banks for low- and moderate-income households. It contributes to several United Nations Sustainable Development Goals, including sustainable cities and communities and reduced inequalities, according to LuxSE.

“This dual listing reaffirms our commitment to putting social impact at the core of everything we do. Every FCFA raised has a direct and measurable effect on improving the living conditions of households across the WAEMU region. By linking markets, we are doing more than increasing our institution’s visibility: we are creating new opportunities for housing finance and helping to build more inclusive and resilient economies in our region,” said Yedau Ogoundele, CEO of CRRH-UEMOA. 

Also present at the ceremony was Félix Edoh Kossi Amenounve, CEO of BRVM, the regional stock exchange serving the eight WAEMU member states of Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo.

"The BRVM is proud to have a concrete initiative with LuxSE and LGX through this listing of CRRH-UEMOA's social bond. Our exchange is keen to promote sustainable finance in our WAEMU region and hope that this dual listing will give the opportunity to international investors to know more and invest in our market,” he said.

LuxSE said it has placed a strong emphasis on supporting the development of sustainable finance in emerging markets in recent years. Through partnerships with local exchanges and by enabling issuers to access international capital markets in both local and hard currencies,  LuxSE aims to strengthen transparency, credibility and investor confidence.