UMOA-securities: Togo achieves a new record, again

Finance
Tuesday, 04 February 2020 16:38
UMOA-securities: Togo achieves a new record, again

(Togo First) - For its last operation on the UMOA-titres market, and the second this year, Togo recorded a subscription rate of 296%. For this transaction, Lomé issued fungible treasury bonds. 

This subscription rate corresponds to about XOF75 billion, which is almost thrice the amount sought. However, the Togolese treasury will retain only XOF27.5 billion which will serve to plug budget gaps in 2020. 

Bonds issued last Friday will mature in three years and their nominal value is XOF10,000. The value date was February 3 and their annual interest rate was fixed at 6.15%. 

Reimbursement will begin on the first workday after the date of maturity. As for interests, they will be paid yearly, after the first year.

Séna Akoda

 
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