AFINHAB raises 40B FCFA social bond, crossing 100B FCFA milestone
What's the deal? AFINHAB, formerly Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa), has closed a 40 billion FCFA (about $69 million) social bond, with Société Générale Côte d'IvoireDealroom has a profile for this one. Try Dealroom → among the key investors. The Lomé-based institution finances housing across the West African Economic and Monetary Union (UEMOA).
Why now? The subscription period, opened on July 9, 2026, closed on July 24 heavily oversubscribed. Demand reached nearly 60 billion FCFA against a 40 billion FCFA target — a coverage rate of roughly 150%.
What's the endgame? The AFINHAB 6.00% 2026-2041 bond brings the total raised through its social bond programme to 100 billion FCFA. The funds refinance residential mortgages that UEMOA banks extend to low- and middle-income households, tied to United Nations Sustainable Development Goals 1, 10, and 11.
The institution plans further issuances to accelerate affordable housing finance across the union.
What they're saying: "The oversubscription of this issue confirms that investors believe in our model and our mission," said chief executive officer Yedau Ogoundele. He added that sustainable finance "can be a concrete lever for social transformation in West Africa."
The signal: A commercial bank of Société Générale's size anchoring the deal points to growing convergence between responsible investment strategies and the region's affordable housing gap. As demand outstrips supply, social bonds are emerging as a viable channel for mobilising private capital toward development goals in West Africa.
Read more: L'Economiste du Togo
