WAEMU-securities: Lomé seeks CFA607 billion on the regional market in 2024

Finance
Thursday, 11 January 2024 16:00
WAEMU-securities: Lomé seeks CFA607 billion on the regional market in 2024

(Togo First) - Togo plans to raise CFA607 billion on the WAEMU securities market this year. This is 5.7% more than last year’s target (CFA574 billion). 

The new target represents 28% of the country’s annual budget, which stands at CFA2,179 billion. 

As usual, Togo will raise the funds by issuing fungible bonds and bills (ed. Note: respectively OATs and BATs in French). 

An issue is open and will close on January 12. Lomé seeks to raise CFA25 billion through the operation. 

Last year, Togo raised CFA580 billion on the regional stock market, thus slightly exceeding its expectations. 

Esaïe Edoh

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