WAEMU securities: Togo raises CFA31 billion

Public finance
Monday, 22 May 2023 16:16
WAEMU securities: Togo raises CFA31 billion

(Togo First) - Togo successfully carried out its second issue on the regional money market last Friday, May 19. The country’s treasury raised CFA31 billion from the WAEMU investors, by simultaneously issuing fungible bonds and bills. 

The operation’s report states that Lomé raised CFA20 billion via the bills which mature over 182 days, and the remaining CFA11 billion was raised via the bonds, which mature over 3 and 5 years. 

Overall, however, while it retained CFA31 billion, the treasury mobilized CFA56 billion from 31 investors, thus representing a coverage rate of 189.43%. 

This is Togo’s fourth consecutive success on the regional stock market this year. Since January, the country has secured CFA233 billion in this market, which is almost half of its annual target–CFA574 billion.

Esaïe Edoh 

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