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Shelter Afrique Development Bank launches XOF60bn sustainable bond on the WAEMU regional market

Shelter Afrique Development Bank (issuer); CGF Bourse (lead arranger); IFC and Ecobank (anchor investors)

Shelter Afrique Development Bank is raising XOF60bn (about US$100m) through its first sustainable bond, in five-year (6.10%) and seven-year (6.30%) tranches on the West African Economic and Monetary Union regional market. Subscription runs from 7 to 30 October 2026. CGF Bourse is lead arranger, with IFC and Ecobank anchoring. Proceeds fund housing finance in West Africa.

Advisers: legal counsel not disclosed.

Source: Reuters, 9 October 2026.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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