Togo seeks CFA25 billion on the regional finance market

Public finance
Thursday, 10 June 2021 17:00
Togo seeks CFA25 billion on the regional finance market

(Togo First) - To restart its economy, post-Covid-19, Togo seeks CFA25 billion on the regional money market.  

To raise these funds, the country has issued, again, fungible treasury bonds. The latter have a nominal value of CFA10,000 per unit, according to the UMOA-securities agency. 

The issue, which will close on June 11, 2021, is set to mature over 84 months, and the corresponding interest rate per year is 5.98%. 

Let’s recall that on May 29, the county raised CFA27.5 billion with an estimated average weighted yield of 5.66%, a maturity of 5 years, and a fixed interest rate of 5%. The successful operation is a continuation of similar performances Lomé has been recording on the WAEMU market since the beginning of the year. 

Indeed, Togo has raised more than CFA300 billion on this market so far into the year.

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