UMOA-Securities: Togo to reimburse CFA9 billion to regional investors this month

Public finance

Saturday, 15 January 2022 13:46

UMOA-Securities: Togo to reimburse CFA9 billion to regional investors this month

(Togo First) - Togo plans to repay, this month, CFA29 billion to clear part of its debt on the UMOA-securities market. The information was disclosed in the cumulative balance sheet of this market.

The payment breaks down into CFA22 billion as principal and CFA6.99 billion as interest.

It should be noted that throughout 2021 the country reimbursed nearly 60% of the funds it borrowed on the regional money market that year. The exact amount is 334 billion out of 557 billion raised. The repaid amount included 72 billion of interest.

About a week ago, Togo carried out its first issue on the UMOA-securities market and retained CFA27.5 billion (while seeking CFA25 billion) out of CFA77 billion raised.

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