Togo raises 22 bln CFA francs on regional debt market

Banking
Friday, 06 March 2026 16:16
Togo raises 22 bln CFA francs on regional debt market

(Togo First) - Togo raised 22 billion CFA francs on the regional financial market on Friday, exceeding its initial target of 20 billion CFA francs. This transaction, coordinated by UMOA-Titres, represents the country’s first issuance on the regional market this year. It was conducted through a simultaneous issuance of Treasury bonds (OAT) and Treasury bills (BAT).

According to results published by UMOA-Titres, total bids reached 176 billion CFA francs, representing a subscription rate of 880.97%. At the close of the operation, the Treasury accepted 14.7 billion CFA francs in bids for three-year OATs carrying a fixed interest rate of 6.15%. An additional 7.2 billion CFA francs was raised through five-year OATs at an annual interest rate of 6.35%. The Togolese Treasury did not accept any bids for the BATs.

This operation marks Togo’s first intervention on the regional financial market for the 2026 fiscal year. For the full year, the country plans to raise 463.5 billion CFA francs on this market. These funds will help finance the state budget, which is set at 2,751 billion CFA francs.

Esaïe Edoh

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