The outstanding payment for the 5-year bond Lomé issued in 2018 will be made next month

Finance
Wednesday, 01 January 2020 20:15
The outstanding payment for the 5-year bond Lomé issued in 2018 will be made next month

(Togo First) - On January 26, 2020,  Lomé will repay the balance and interests related to the five-year bond it contracted in 2018. The total sum, XOF43.315 billion, will be paid in line with a management strategy of the country’s domestic public debt. 

The news was reported by the regional stock market - BRVM - citing the managing director of Togo’s public accountability and treasury office. 

The bond which should have matured in 2023 was entitled “TPTG 6.90%, 2018-2023.” Togo issued the bond to partly pay domestic debt arrears, as well as finance key projects. 

The transaction recorded a subscription rate of 103% and helped Lomé raise XOF61.879 billion (while it initially sought XOF60 billion). 

Let it be noted that part of the loan was repaid through regular installments, on a semester basis. 

Séna Akoda

togofirst mobile

 
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