WAEMU: Togo already raised over CFA100 billion this year

Public finance
Tuesday, 20 February 2024 14:17
WAEMU: Togo already raised over CFA100 billion this year

(Togo First) - Togo raised CFA27 billion on the WAEMU market last Friday. This was the country’s second issue in February–a simultaneous issue of fungible treasury bills and bonds (BATs and OATs). 

The sum secured exceeds the target by CFA2 billion. In detail, Lomé obtained CFA21 billion through the BATs and 6 billion through the OATs. The former securities mature over three months at multiple interest rates and the latter over three years at 6.15% per year. 

According to the operation’s report, though only CFA27 billion was retained, investors mobilized CFA89.6 billion for the issue. This translates into a subscription rate of 358.60%. 

So far this year, Togo has secured 110 billion CFA on the regional money market, including the latest issue’s proceeds. The country eyes 607 billion for the whole year.

Esaïe Edoh

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.