Togo to seek CFA35 billion on the UMOA-securities market next Friday

Public finance
Monday, 17 January 2022 16:21
Togo to seek CFA35 billion on the UMOA-securities market next Friday

(Togo First) - Togo will carry out its second issue on the UMAO-securities market on January 21, 2021. The country will seek CFA35 billion by issuing fungible treasury bonds. With a nominal value of CFA10,000 per unit and an interest rate of 5.8%, the bonds will mature over 84 months (7 years). 

The upcoming issue follows that carried out on January 7th. The first issue of 2022 helped Lomé raise CFA27.5 billion. It has a maturity of 182 days or 6 months.   

Throughout 2021, Togo raised CFA557 billion on the UMAO-securities market, against CFA623 billion in 2020. 

Esaïe Edoh

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