UMOA-Securities: Togo raises more than XOF56 billion for its latest bond issuance

Finance
Friday, 28 February 2020 17:27
UMOA-Securities: Togo raises more than XOF56 billion for its latest bond issuance

(Togo First) - Togo raised on February 28, 2020, more than XOF56 billion for its fourth transaction (a fungible Treasury bond issuance) on the UMOA-Titres market this year. 

Lomé will, however, retain only XOF27.5 billion while it initially sought 25 billion. Compared to the total amount mobilized, the operation’s coverage rate stands at 224%. 

Bonds issued have a nominal value of XOF10,000 per unit. The corresponding annual rate is 6.4% and the bonds will mature over a five-year period, with date value set on March 2, 2020. 

This issuance took place in a context where Faure Gnassingbé won the first round of the recent presidential elections (with 72% of the votes). 

Séna Akoda

togofirst mobile

 
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