Togo’s first issue on UMOA-Titres in Q2 2022 is a success

Economy
Tuesday, 19 April 2022 17:30
Togo’s first issue on UMOA-Titres in Q2 2022 is a success

(Togo First) - Togo successfully closed its first issue on the UMOA-titres (WAMU securities) market for this quarter. The treasury secured CFA32 billion, thus two billion more than it was seeking.

The proceeds were obtained by issuing recovery bonds (OdR), with a nominal value of CFA10,000, a 7-year maturity period, and a fixed interest rate of 5.8%.

Overall, Lomé raised CFA68 billion from 21 participants, thus representing a subscription rate of 229%. 

So far into the year, Togo has secured CFA192 billion of the UMOA-Titres market, through six operations. This is out of a target of CFA550 billion for the whole year. 

Esaïe Edoh

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.