Togo mobilizes (again) XOF16.5B on regional financial market

Economic governance
Monday, 03 June 2019 15:29
Togo mobilizes (again) XOF16.5B on regional financial market

(Togo First) - Last Friday, Togo raised on the regional financial market XOF16.5 billion, through a bond issuance with a 3-year maturity period and an interest rate of 6.25%.

Initially, the country’s public treasury aimed to mobilize XOF15 billion. However, the operation was oversubscribed at 278.59% or 41.7 billion secured from investors in all WAEMU States except Guinea Bissau.

Let’s recall that the funds secured through the issuance are to finance the country’s national budget. In collaboration with the Central Bank of West African States (BCEAO) and UMOA-securities, Togo had mobilized between May 23 and 31, 2019, XOF15 billion, through a similar operation. Nominal value for the latter was XOF10,000

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