Togo retains CFA33B from CFA70B for the latest issue on WAEMU-securities market

Public finance
Tuesday, 18 October 2022 11:32
Togo retains CFA33B from CFA70B for the latest issue on WAEMU-securities market

(Togo First) - Togo retained CFA33 billion out of CFA70 billion raised on the WAEMU-securities market last Friday, Oct. 14. The amount mobilized exceeds the country’s target - CFA30 billion - for the issue of fungible treasury bonds.

The issue, a simultaneous issue, comes shortly after Togo scaled up its fundraising ambitions for the year, due to a 5.4% increase in the budget imputed to global inflation and security threats. 

Now, Togo seeks to get CFA663 billion on the WAEMU market in 2022; that is 24% more than it announced at the start of the year. Out of this, it has already secured CFA400 billion, including last week’s operation. 

Regarding that issue, the bonds have respective maturities of 5 and 7 years, and interest rates of 5.75% and 5.90%.

Fiacre E. Kakpo

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