Togo seeks, again, XOF25 billion on the UMOA Securities market

Finance
Thursday, 23 January 2020 16:44
Togo seeks, again, XOF25 billion on the UMOA Securities market

(Togo First) - For its second operation on the UMOA securities market this year, Lomé will issue fungible Treasury bills, instead of fungible Treasury bonds like it did for the first operation on the regional market. 

However, the amount sought is the same for both operations - XOF25 billion. The proceeds will mainly serve to meet the government’s budgetary needs for 2020. 

The related tender was released on 22 January 2020 by the UMOA-securities agency. 

According to the entity, the bills have a nominal value of XOF10,000, a maturity of three years, for an interest rate of 6.15% per year. The date of value is February 3, 2020. 

Let’s note that this fundraising will close on February 1. It comes a few days after the country’s first, and very successful, operation on the same market.  

Séna Akoda

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