WAEMU Securities: Lomé raised CFA38 billion last week

Finance
Wednesday, 06 March 2024 12:52
WAEMU Securities: Lomé raised CFA38 billion last week

(Togo First) - Togo raised CFA38 billion on the WAEMU securities last Friday, March 1. The funds will finance the country’s national budget for 2024.

In detail, the Togolese treasury secured CFA14 billion through Treasury Bills (BATs), which mature after 182 and 364 days, at different interest rates. The remaining CFA24 billion were obtained through Treasury Bonds (OATs), set to mature over three years at a rate of  6.15% per annum.

For the operation, Togo’s initial target was CFA35 billion. According to the operation's report, 44 investors participated, contributing a total of CFA66 billion, representing a coverage rate of 189%.

Including the latest issue, Togo has raised CFA148 billion on the WAEMU market so far this year. Before the year ends, Togo hopes to collect CFA607 billion overall in this market.

Esaïe Edoh

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