WAEMU securities: Togo raises CFA32 billion in the latest issue, a success

Economy
Monday, 10 April 2023 14:11
WAEMU securities: Togo raises CFA32 billion in the latest issue, a success

(Togo First) - Togo’s latest issue on the WAEMU-security market was successful. Lomé had a target of CFA30 billion but raised CFA32 billion on the market last Friday, April 7th.

The operation -a simultaneous issue of fungible treasury bills (BATs in French) and bonds (OATs)-attracted 19 investors. The latter subscribed for FCFA 33 billion, thus representing a coverage rate of 111.7%.

According to the issue’s report, CFA19 billion was raised through the BATs which mature over 182 days. The OATs, which mature over 3 and 5 years, raised CFA1 billion and CFA12 billion, respectively.

Out of the CFA32 billion mobilized, CFA26 billion were raised from Togolese investors.

Adding the latest issue, Togo has raised so far this year CFA143 billion on the WAEMU market. This is against an annual target of CFA574 billion.

Esaïe Edoh 

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