The M300 – Phase II Electricity for All Project (PEPT) Social Bond in Côte d’Ivoire is a private sector operation involving the African Development Bank’s subscription to several tranches of a social bond issuance under the national “Programme Électricité Pour Tous (PEPT)”, for a total amount of up to XOF 15 billion, representing approximately 25 percent of the total bond issuance. This Phase II securitization operation will finance the implementation of the PEPT programme over the period 2025–2026, supporting the roll-out of 423,828 new electricity connections and the securitization of approximately 607,000 receivables, including both existing and future connection-related receivables. The bond issuance is backed by a diversified receivables portfolio with an expected value of XOF 116.7 billion, ensuring strong coverage and credit enhancement. The African Development Bank’s participation comprises non-sovereign financing of up to EUR 16.0 million from its own resources, complemented by up to EUR 6.9 million in concessional financing from the Sustainable Energy Fund for Africa (SEFA). The transaction is executed through a dedicated securitization vehicle, FCTC EPT 2025–2040, managed by Africa Link Capital Titrisation, under the supervision of the regional financial market authority (AMF-UEMOA), with the PEPT Fund as the sponsor and the Compagnie Ivoirienne d’Électricité (CIE) as the implementation agency for electricity connections.

Cote d'Ivoire

African Development Bank Group

Africa Sub-Saharan Africa

Electricity Construction Energy-Power and Electrical Computer Hardwares and Consumables

14.10.2025

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