Togo raises another CFA22 billion on the regional financial market to support economic recovery post-covid

Finance
vendredi, 30 avril 2021 17:00
Togo raises another CFA22 billion on the regional financial market to support economic recovery post-covid

(Togo First) - Last Friday, Togo recorded another successful bond issuance on the regional money market, the WAMU securities market. 

The operation, an issue of recovery bonds, was oversubscribed at 262% according to the WAMU securities agency. Indeed, the country raised over CFA52 billion but it will retain only CFA22 billion - the amount it was initially targeting. 

The monies will be used by the Togolese treasury, in a context where the country has engaged in a strategy aimed at rapidly restarting its economy post-pandemic. The Recovery bonds, let’s recall, have a maturity of five years and an interest rate of 5.8% per year. 

Séna Akoda

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