UMOA-securities: Togo records another successful issue of fungible Treasury bonds

Public finance
Monday, 28 September 2020 11:46
UMOA-securities: Togo records another successful issue of fungible Treasury bonds

(Togo First) - Last Friday, Togo raised CFA27.5 billion on the regional financial market, by issuing fungible treasury bonds.

This was disclosed by the Umoa-securities agency which noted that for the operation, the country was initially seeking CFA25 billion (to finance its 2029 management budget). 

Overall, subscriptions to the issue exceeded CFA71 billion, thus representing a coverage rate of 284%. 

Reimbursement will be made on the first working day after the maturity date which is August 24, 2025. Interests are set at 6.4% per annum and will be paid from the first to the final year of maturity.

Séna Akoda

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