The COFINA Special Purpose Vehicle was jointly created by ALC Titrisation, and the depositary UBA Côte d’Ivoire; it has been approved by the Conseil Régional de l’Epargne Public and des Marchés Financiers under the number: FCTC/2018-02.
The first sub-fund (COFINA SPV 7.5% 2018-2019) comprises commercial loans assigned by the Ivorian subsidiaries of the COFINA Group i.e. the Compagnie Africaine de Crédit (CAC) and COFINA Senegal.
The sub-fund issued:
- One million (1,000,000) bonds rated tAA by WARA for a total of 10,000,000,000 FCFA by means of a public offering, and
- Two (02) nominative residual units totalling 2,000,000 FCFA subscribed by CAC and COFINA Senegal.