No more covid-19 bond issuance for Togo before December

Tuesday, 27 October 2020 16:17
No more covid-19 bond issuance for Togo before December

(Togo First) - Togo will not issue any more covid-19 bonds on the regional financial market before December 2020. 

Indeed, the country will not take part in the third phase of the issues scheduled to take place between October 27 and November 1, unlike Ivory Coast (which will proceed to two issues), Senegal, Mali, Benin, and Niger. 

No reason was given to explain the decision of Lomé in a context where the country has confirmed 2,243 cases in all, including 1,608 recoveries, 543 active cases, and 53 deaths (as of Oct. 26). 

In the WAEMU, besides Togo, two other countries will be absent from the regional financial market until December, knowingly Burkina Faso and Guinea Bissau. 

Let’s recall that since it started, Togo has raised CFA178 billion on this market to finance its response to the pandemic. 

Séna Akoda

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