Togo plans to raise CFA390 billion on the regional stock this year, 95 billion this quarter

Public finance
Thursday, 03 January 2019 12:38
Togo plans to raise CFA390 billion on the regional stock this year, 95 billion this quarter

(Togo First) - This year, Togo’s public treasury seeks CFA390 billion of the regional stock market. This is out of the 2,778 billion the stock plans to issue, according to a note released by the UMOA Securities Agency for its investors.

In detail, Togo should raise in the first quarter of the year CFA95 billion, up CFA5 billion compared to the previous year. Together, all WAEMU States should over the period raise CFA932 billion.

Breaking down the monies that should be raised during the current quarter, there is 55 billion of fungible treasury bonds and 40 billion of fungible treasury bills.

Regarding the latter, Togo will first issue 20 billion of fungible treasury bills, on January 10. The remaining 20 billion are to be raised through the same operation on February 8.

As for the fungible treasury bonds, the Togolese government should seek 20 billion respectively via two issuances, one on January 25 and another on March 8. The last 15 billion, the country will try to raise on February 22, 2019.  

Séna Akoda

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