Togo launches its second issue on the regional market in Q4 2020

Public finance
Monday, 16 November 2020 18:01
Togo launches its second issue on the regional market in Q4 2020

(Togo First) - After canceling last Friday, an operation it planned to carry out on the regional financial market, Togo announced the launch of a simultaneous issue of fungible treasury bonds. 

The operation which closes on November 27, 2020, breaks down into an issue of five-year bonds and another of seven-year bonds, both having a nominal value of CFA10,000. 

Respective interest rates of the bonds are 6.4% and 6.5%. According to the UMOA-securities agency, “the purpose of this issue is to mobilize the savings of natural and legal persons to cover the financing needs of the Togolese State budget.” 

Let’s recall that the country hopes to raise 60 billion CFA this quarter. Also, the ongoing operation is the second issue of the country this quarter. 

Séna Akoda

 
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