Togo Returns to Regional Bond Market Seeking 25 Billion CFA Francs

Public finance
Thursday, 23 October 2025 17:27
Togo Returns to Regional Bond Market Seeking 25 Billion CFA Francs

(Togo First) - Togo is making a return to the West African Economic and Monetary Union (WAEMU) public securities market after nearly three months, seeking to raise 25 billion CFA francs. The operation will take place on Friday, Oct. 24, 2025, via a simultaneous issuance of fungible Treasury Bills (BAT) and Treasury Bonds (OAT).

According to Togo First, the Togolese Public Treasury plans to raise 8 billion CFA francs by issuing 364-day Treasury Bills at a nominal value of 1 million CFA francs, offered at multiple rates. The remaining 17 billion CFA francs will be raised through three-year and five-year Treasury Bonds with a nominal value of 10,000 CFA francs, offering interest rates of 6.25% and 6.50% respectively.

The proceeds will help finance the 2025 national budget, totaling 2,397 billion CFA francs.

Year to date, Togo has raised 264.5 billion CFA francs on the regional market, reaching about 79% of its annual target of 332 billion CFA francs. For the final quarter of 2025, the country plans to raise an additional 100 billion CFA francs.

Esaïe Edoh

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