Togo will seek XOF115 billion on WAEMU securities market this quarter

Finance
Monday, 08 July 2019 12:00
Togo will seek XOF115 billion on WAEMU securities market this quarter

(Togo First) - For the first quarter of this second half of 2019, Togo will seek XOF115 billion on the UMOA securities market.

The funds will be raised through six issuances of fungible treasury bonds and bills.

In effect, there will be four issuances of fungible treasury bonds and two of fungible treasury bills. The first is scheduled for July 12 and 26, August 9 and September 6. For the fungible treasury bills, the country will proceed to their issuance on August 23. The date for the second operation of this type is yet to be disclosed; however, it was revealed that a sum of XOF15 billion will be sought in this process, while all other five will aim at raising XOF20 billion.

The amount sought by the country represents 18% of the XOF616 billion targeted by all WAEMU States on the regional financial market this quarter.

Séna Akoda

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