Togo seeks additional CFA95bn on UMOA-securities market before Q2 ends

Public finance
Wednesday, 10 April 2019 17:29
Togo seeks additional CFA95bn on UMOA-securities market before Q2 ends

(Togo First) - Leveraging a successful bond issuance recorded last Friday, Togo seeks to raise a total of CFA95 billion on UMOA securities market during five more operations it plans this quarter.

In detail, according to the UMOA-securities debt planning agency, the country will seek CFA40 billion on the regional market, via two fungible treasury bills issuances. The two operations are set for April 19 and June 14, with a respective target of CFA20 billion each. On May 17, another operation, a fungible treasury bonds issuance, is set for a similar target. Two more then, fungible bonds issuances, are set for May 31 (with a target of CFA15 billion) and June 28 (CFA20 billion).

Overall, Togo intends to raise CFA115 billion this quarter, up by CFA20 billion compared to the previous one.

Séna Akoda

togofirst mobile

 
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