Togo seeks CFA50 billion on the UMOA securities market in October

Public finance
Friday, 15 October 2021 15:48
Togo seeks CFA50 billion on the UMOA securities market in October

(Togo First) - Togo will try to raise CFA50 on the regional money market this month. The funds will be used to finance the country’s Covid-19 recovery strategy. 

Lomé’s first issue on the UMOA securities market is today, Oct. 15. The country, by issuing recovery bonds, will seek CFA25 billion. Another issue (of fungible Treasury bonds) is set to follow on October 29 with the same goal.

So far this year, the UMOA securities said, Togo has carried out 19 issues raising a total of CFA502 billion which helped it finance its economic recovery post-Covid-19. 

Over the past year, the country raised CFA623 billion on the same market, through 23 issues.

Esaïe Edoh

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