Togo raises CFA28 billion for its latest title issuance on regional market

Public finance
Monday, 11 February 2019 17:22
Togo raises CFA28 billion for its latest title issuance on regional market

(Togo First) - CFA28 billion. That is the amount raised by Togo for its treasury bills issuance on the regional market last Friday.

Considering that the country initially aimed to raise CFA20 billion, the final proceeds are up by CFA8 billion, representing an oversubscription rate of 139%. However, as planned initially, CFA20 billion will be spent on the 2019 budget.

Overall, 34 subscriptions from all WAEMU countries, excluding Niger and Guinea Bissau, were recorded. Value date for the securities is set on February 11, 2019, and date of maturity is February 11, 2022.

This operation, in terms of yield, is the second of its kind this year, after that of January 25. Repayment will take place in fine, the first day after the maturity date, according to UMOA-TITRES agency.

Next February 22, Togo should carry out another securities issuance on the regional market.

 
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.