UMOA-Titres : Togo seeks CFA20bn via fungible treasury bonds issuance

Public finance
Thursday, 17 January 2019 17:05
UMOA-Titres : Togo seeks CFA20bn via fungible treasury bonds issuance

(Togo First) - Two weeks after a mitigated first bond issuance on the UMOA securities market, Togo announces for January 25, 2019, a second issuance of fungible treasury bonds on this market.

For the upcoming operation, the country has a target of CFA20 billion.

According to the UMOA-securities regional agency, nominal value for each security that will be issued under the operation is CFA10,000, with a maturity period of three years. Interest rate is 6.25% and the bills are repayable yearly, starting from the first year of maturity. This rate is more appealing than the one set for the issuance of fungible treasury bonds by Benin on Jan 24, knowingly 6.10%.

The securities issued on Jan 25 will come into value Jan 28, 2019, and thus mature Jan 28, 2022.

The bonds will be repaid the first working day following the maturity date.

Séna Akoda

togofirst mobile

 
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