WAEMU Securities: Togo to seek CFA35 billion in upcoming issue

Finance
Friday, 23 February 2024 19:13
WAEMU Securities: Togo to seek CFA35 billion in upcoming issue

(Togo First) - For its next issue on the WAEMU market, Togo targets CFA35 billion. Lomé will issue, simultaneously, fungible treasury bonds (OAT), and fungible treasury bills (BAT).

Both securities have respective nominal values of CFA1 million (BAT) and CFA10,000 (OAT). The former mature over 182 and 364 days and have multiple interest rates. The latter mature over three years at a rate of 6.15% per year.

Togo will use the proceeds to fund its 2024 budget which stands at CFA2,179 billion. 

The country’s annual target on the WAEMU market is CFA607 billion. 

Esaïe Edoh

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