Togo mobilizes CFA25 billion on UMOA securities market

Public finance
Saturday, 25 June 2022 04:01
Togo mobilizes CFA25 billion on UMOA securities market

(Togo First) - Togo closed today, June 24, its latest issue on the UMOA securities market. It secured CFA25 billion by issuing recovery bonds with maturities of 3 and 7 years and a nominal value of  CFA10,000.

According to a report released by the UMOA securities agency, 32 investors from the sub-region participated in the operation. They raised CFA81 billion which translates into a coverage rate of 325.59%.

Counting this issue, Togo has mobilized CFA313 billion on the regional money market so far this year. It is thus closer to its annual target of CFA550 billion.

Esaïe Edoh 

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