Togo raises stakes for its next issue on the regional financial market

Finance
Wednesday, 20 January 2021 18:01
Togo raises stakes for its next issue on the regional financial market

(Togo First) - Next Friday, the Togolese treasury will try to raise CFA80 billion on the UMOA-securities market. Proceeds will be used to meet Lomé’s financing needs under its 2021 budget. 

In detail, the country will proceed to a simultaneous issue of fungible Treasury bonds which will mature respectively over 36, 60, and 84 months. These three categories of bonds come at annual interest rates of 6.15%, 6.4%, and 6.5%, respectively. For their nominal value, it is CFA10,000 regardless of the maturity period.

For its first issue this year, Togo raised CFA27.5 billion; 2.5 billion more than it was seeking. 

Séna Akoda

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