WAEMU Securities: Togo misses its target…again

Tuesday, 28 March 2023 03:41
WAEMU Securities: Togo misses its target…again

(Togo First) - Togo only raised CFA8.5 billion in its latest issue on the WAEMU market. That is far from its target for the operation: CFA40 billion. 

The operation, a simultaneous issue of fungible treasury bills and bonds closed on March 24. In detail, Lomé raised CFA7 billion via the bills, which mature over 364 days, and CFA1.5 billion via the bonds. The latter mature over 5 and 3 years and the 3-year bonds raised CFA100 million. 

According to the UEMOA Securities, 10 investors subscribed to the issue. They mobilized CFA9.6 billion out of which CFA8.5 billion were retained. 

Including the recent operation, Togo has raised CFA111 billion on the regional money market so far this year. This is against an annual target of CFA574 billion. The funds will finance the national budget. 

Esaïe Edoh

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