Togo seeks XOF50 billion on UEMOA-securities market

Finance
Wednesday, 04 March 2020 16:28
Togo seeks XOF50 billion on UEMOA-securities market

(Togo First) - Togo has launched another operation on the UEMOA market to raise XOF50 billion for its 2020 State budget. 

In detail, Lomé will issue fungible treasury bonds at a nominal value of XOF10,000 per unit. The bonds will mature over a three-year period with an interest rate of 6.15% that will be paid starting from the first year of maturity. 

Reimbursement will commence on March 16, 2023, according to the tender attached to the bond issuance process. 

Let’s indicate that so far, Togo has raised about XOF 110 billion on the UEMOA-Securities market, since the beginning of the year. Its latest operation on this market was actually oversubscribed (more than 200%), reflecting investors’ trust in the economy.  

Séna Akoda

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