UMOA-securities: Togo secures CFA82.5 billion in last bond issue

Finance
Tuesday, 20 April 2021 01:56
UMOA-securities: Togo secures CFA82.5 billion in last bond issue

(Togo First) - Last Friday, Togo raised CFA82.5 billion on the regional market. This is 41.6% of the overall subscription (valued at CFA198 billion) the country recorded for the operation.

Togo, which was seeking  CFA75 billion, proceeded to three simultaneous issues of fungible treasury bonds. The respective maturity periods of these issues were five (5), seven (7), and 10 years. 

In detail, the five-year bonds raised CFA8.25 billion, while the other two (7 and 10 years) garnered respectively CFA15.5 billion and CFA58.7 billion. 

This quarter, Togo wants to raise a total of CFA165 billion on the regional market. The funds will support its post-Covid economic recovery strategy and meet its budgetary needs. 

Séna Akoda

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