WAEMU-securities: Togo gets CFA14 billion in latest issue

Public finance
Monday, 27 February 2023 17:02
WAEMU-securities: Togo gets CFA14 billion in latest issue

(Togo First) - Togo’s treasury raised CFA14 billion on the WAEMU market last Friday, Feb 24. The amount is less than half of what the country was seeking–CFA35 billion.

The operation was a simultaneous issue of fungible bonds and bills. The fungible bills, which yielded CFA6.5 billion for the country, mature over 364 days while the bonds have two maturities, some maturing over 3 years and the others over 5. The first group (3 years) also produced CFA6.5 billion, and the second group (5 years) produced CFA1 billion. 

While the treasury retained CFA15 billion, the issue brought CFA16 billion from regional investors. 

Since the year began, Togo has secured CFA94 billion on the regional market, out of an annual target of CFA574 billion. The funds will serve to finance the country’s budget for 2023.

Esaïe Edoh

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