Togo records third consecutive success on the WAEMU market

Finance
Monday, 08 May 2023 16:54
Togo records third consecutive success on the WAEMU market

(Togo First) - Last week, Togo raised CFA33 billion on the WAEMU market, 3 billion more than it was seeking. 

In detail, the Togolese treasury obtained CFA25.5 billion via fungible bills and CFA7.5 billion via fungible bonds. The former matures over 182 days and the latter over 3 years. 

According to the UEMOA-Titres’ report on the operation, 26 investors subscribed, raising CFA57 billion in all. Thus, the issue recorded a coverage rate of 189.69%. 

This is Togo’s third consecutive successful issue on the regional money market since the year began. 

Togo, it is worth noting, plans to secure CFA574 billion in this market in 2023. 

Esaïe Edoh

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