Togo records another successful operation on UMOA-securities market, its first issuance in Q4 2019

Public finance
Saturday, 05 October 2019 17:56
Togo records another successful operation on UMOA-securities market, its first issuance in Q4 2019

(Togo First) - Last Friday, Togo successfully proceeded to its first issuance on the regional debt market for this quarter. The country which sought XOF20 billion through the operation was able to mobilize more than XOF47 billion, which represents a coverage rate of almost 237%. 

However, according to the UMOA-securities agency, Togo's public treasury will retain only XOF22 billion in line with its spending plans, just like it was the case for previous issuances on this market. 

Starting from the first year, from October 7, 2019, to be exact, the securities will produce an annual interest of 6.25%. They will mature on September 7, 2022 (36 months). "Reimbursement (In Fine) will be made on the first workday following the maturity date," the agency notes.  

The nominal unit value for the securities was XOF10,000. 

Séna Akoda

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