WAEMU: Togo launches new issue, seeks CFA30 billion

Public finance
Tuesday, 02 May 2023 15:03
WAEMU: Togo launches new issue, seeks CFA30 billion

(Togo First) - Togo will try to raise another CFA30 billion on the WAEMU market. Lomé, to this end, just launched a simultaneous issue of fungible treasury bonds and bills. The operation closes on May 5th. 

In detail, the country seeks CFA20 billion through the bills and CFA10 billion through the bonds. The former has a nominal value of CFA1 million, a multiple interest rate, and two maturity periods of 182 days and 364 days, while the latter have a nominal value of CFA10,000, an interest rate of 6% and maturity over 3 years. 

Proceeds of the issue will finance the 2023 budget which stands at CFA1,958 billion. 

Esaïe Edoh

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