Lomé raises 88 billion CFA in latest operation on WAEMU-securities market

Finance
Tuesday, 26 January 2021 15:25
Lomé raises 88 billion CFA in latest operation on WAEMU-securities market

(Togo First) - Togo raised CFA88 billion on the WAEMU-securities market, through its latest operation on the platform - a simultaneous issue of fungible treasury bonds. This is the amount retained for the triple issue in which Lomé initially expected to mobilize 80 billion from regional investors.

Overall, a note from the WAEMU-securities indicates, subscriptions to the issue amounted to 201 billion CFA (252% coverage rate). 

In detail, bonds with a maturity period of 36 months garnered CFA76 billion but only 24 billion was retained. For bonds maturing over 60 and 84 months, they mobilized respectively 52 billion (22.78 billion retained) and 73 billion (40.84 billion retained). 

It should be noted that interest rates for the three types of bonds are respectively 6.15%, 6.4%, and 6.5%.

Séna Akoda

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