WAEMU Market: Lomé launches new simultaneaous issue, seeks CFA30 billion

Public finance
Monday, 06 May 2024 16:50
WAEMU Market: Lomé launches new simultaneaous issue, seeks CFA30 billion

(Togo First) - Togo recently launched a news simultaneous issue on the WAEMU securities market, seeking to raise CFA30 billion. Set to close on May 10, the operation involves issuing Fungible Treasury Bonds (OAT) and Fungible Treasury Bills (BAT).

According to the tender notice, the BATs have a par value of CFA1 million, with maturities of 91 and 364 days and varying interest rates. The OATs have a par value of CFA10,000, offering a 6.15% annual interest rate over a 3-year period.

These funds will support Togo's balanced budget for the 2024 fiscal year, which amounts to CFA2,179 billion in revenues and expenditures. In April, the country successfully carried out two issues on the regional market.

Esaïe Edoh

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