UMOA-securities: Togo maintains streak of successful fundraisings on regional market with latest operation

Finance
Monday, 09 September 2019 17:32
UMOA-securities: Togo maintains streak of successful fundraisings on regional market with latest operation

(Togo First) - Togo records another successful fundraising on the regional financial market. Indeed, Umoa-securities revealed last Friday that the country had mobilized close to XOF48.5 billion on this market through its latest issuance of fungible treasury bonds.

While the amount is impressive, Togo, which was seeking XOF20 billion via the operation, retained XOF22 billion. These monies, the regional agency indicated, will be utilized by the public treasury to finance part of its management budget for 2019.

Nominal value for each security subscribed is XOF10,000. Interest payment (6.5% per year) will commence today, Sept. 9 and extend till September 9, 2024. 

It should be recalled that all Togo’s operations on the regional financial market since Q2 2019 have been successful.

Séna Akoda

togofirst mobile

 
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