UMOA securities: Togo seeks XOF30 billion for its first operation this semester

Public finance
Thursday, 02 July 2020 12:16
UMOA securities: Togo seeks XOF30 billion for its first operation this semester

(Togo First) - The Togolese public treasury seeks XOF30 billion on the regional financial market. This is the country’s first operation on this market this semester. 

Lomé has, in this framework, launched simultaneously two bond issuances with respective maturity periods of 3 and 5 years. While the bonds for both operations have a nominal value of XOF10,000 per unit, interest rates for the issuances are respectively 6.15% and 6.4% per annum. 

According to the Umoa-securities agency which manages the region's public securities market, the operation aims at “mobilizing funds from individuals and corporations to finance Togo’s state budget.” 

Let’s recall that since the year started Togo, like all the other WAEMU members, has regularly and successfully sought financing on the WAEMU regional finance market.

Fiacre E. Kakpo

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.