UMOA-securities: Togo to seek CFA35 billion on the regional money market on May 27

Finance
Monday, 23 May 2022 12:21
UMOA-securities: Togo to seek CFA35 billion on the regional money market on May 27

(Togo First) - Next Friday, May 27th, Togo will seek CFA35 billion on the UMOA-securities market. The country’s treasury will, to this end, issue recovery bonds with a nominal value of CFA10,000.

The bonds are set to mature over 180 months or 15 years, at an interest rate of 6.15% per annum. 

This year, Lomé hopes to raise CFA550 on the regional market, in line with its 2022 finance law. So far, it has mobilized CFA225 billion through seven operations.

Esaïe Edoh

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