Togo raised CFA77 billion against CFA20 billion sought on UMOA-securities market last Friday

Public finance
Wednesday, 10 April 2019 16:00
Togo raised CFA77 billion against CFA20 billion sought on UMOA-securities market last Friday

(Togo First) - Last Friday, Togo raised CFA77 billion on the UMOA-securities regional market, through a fungible Treasury bond issuance. This operation, the first for this second quarter, initially had a target of CFA20 billion, and was thus oversubscribed by 386%.

This outstanding performance follows another at the close of Q1 2019 where Togo raised CFA22 billion against an initial target of CFA20 billion.

For the recent operation, Togo’s public treasury retains CFA22 billion of the subscription, less than a third of total subscriptions.

Séna Akoda

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