Togo plans to raise CFA230 billion on WAEMU debt market throughout the rest of 2018

Public finance
Wednesday, 21 February 2018 15:41
Togo plans to raise CFA230 billion on WAEMU debt market throughout the rest of 2018

(Togo First) - The government of Togo should raise another CFA230 billion on the regional financial market of the WAEMU this year, according to the provisional annual plan for issue by tender of the union’s State members.  

In detail, the State plans to raise CFA40 billion in March, another CFA40 billion during Q2, CFA90 billion in Q3 and CFA60 billion in the last quarter.

So far, the government was able to raise CFA40 billion (against CFA50 billion eyed) through three bond issuances with an average coverage rate of 80%, based on data gathered by Togo First. This is over a total of CFA280 billion targeted for the fiscal year.

This amount comprises fungible treasury bills (CFA110 billion) and fungible treasury bonds (CFA170 billion).

Fiacre E. Kakpo

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