WAEMU-Securities: Togo seeks CFA25 billion

Public finance
Monday, 06 March 2023 13:14
WAEMU-Securities: Togo seeks CFA25 billion

(Togo First) - Togo will close another operation on the WAEMU market next Friday, March 10. The operation, a simultaneous issue, is the first for this month and the fifth this year. 

The coming operation is an issue of fungible treasury bonds and fungible treasury bills. With it, Togo hopes to secure CFA25 billion from regional investors. 

According to the issue note of the market, the bonds have a nominal value of CFA10,000, a maturity period of 5 years, and an interest rate of 5.7%. As for the bills, their nominal value is CFA1 million, and they will mature over 91 days. They have multiple interest rates.   

So far this year, Togo has raised CFA94 billion on the WAEMU market. That is out of an annual target of CFA574 billion. The funds serve to finance the country’s budget for the year; the latter stands at CFA1,957 billion (expenditures and revenues).

Esaïe Edoh

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.