Togo to seek CFA110 billion on the WAMU securities market in Q3 2021

Finance
Wednesday, 14 July 2021 10:43
Togo to seek CFA110 billion on the WAMU securities market in Q3 2021

(Togo First) - This quarter, Togo’s public treasury aims to raise CFA110 billion on the WAMU securities market. 

To this end, it will issue 10-year fungible bonds on July 23 and August 20. Lomé eyes a turnover of CFA50 billion for these two issues - CFA25 billion respectively.  

To close the quarter, the country plans to undertake, on September 17, two simultaneous issues (of fungible treasury bonds also) which should attract CFA60 billion (CFA30 billion per issue). The two operations will have distinct maturities: 7 years and 10 years. 

During the same quarter, Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, and Niger also plan to raise funds on the regional securities market (CFA100 billion, CFA165 billion, CFA385 billion, CFA15 billion, CFA190 billion, and CFA110 billion respectively). Senegal will be absent from that market. 

Let’s recall that over the past quarter, Togo raised CFA183 billion while it expected CFA165 billion. 

 Esaïe Edoh

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