Launch of a bond index for the WAEMU market

Dec 16, 2016

The WBI was launched on December 14th.

The WBI (West African Economic and Monetary Union Bond Index) was officially launched by BOA Capital and BMCE Capital on December 14th.

This new benchmark index for the WAEMU financial market will measure the performance of sovereign bonds.

BMCE Bank Of Africa launched the WBI to compensate for the lack of effective measurement instruments, which contributed to the low level of transactions on the secondary market.

"Until then, there was no benchmark, we could not measure the performance of any bond. In the absence of visibility, the managers kept their securities until maturity," said Amine Bouabid, Chief Executive of Boa Group, quoted by Financial Afrik.

He added that this innovation will bring visibility to the West African bond market and thus will attract more liquidity in the sub-region.

For Adnane Chmanti Houari, Managing Director of Boa Capital, the launch of the WBI is "a very strong signal sent to international investors who will have more ease to follow the market".ADNFCR-2976-ID-801830055-ADNFCR