WAMU Securities: Togo Raises CFA22 Billion in Latest Operation

Finance
Monday, 28 April 2025 15:34
WAMU Securities: Togo Raises CFA22 Billion in Latest Operation

(Togo First) - Last Friday, Togo secured CFA22 billion on the West African Monetary Union (WAMU) public securities market. The operation, the second of April, for Lomé, was an issuance of fungible treasury bills (BATs) and fungible treasury bonds (OATs). The amount raised exceeded Lomé’s target by CFA2 billion.

A total of 23 investors showed strong interest and offered CFA36.9 billion, pushing the coverage rate to nearly 185%. The BATs, which mature in 350 days, attracted CFA25.7 billion in subscriptions. The OATs, with a three-year maturity, brought in CFA11.2 billion in bids. The Treasury accepted CFA11.5 billion from the BATs and CFA10.5 billion from the OATs.

Since January, Togo has raised CFA165.5 billion on the regional market, reaching almost 50% of its annual target of CFA332 billion.

This article was initially published in French by Esaie Edoh

Edited in English by Ola Schad Akinocho

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