Togo bags CFA37 billion in latest bond issue on the WAMU-securities market

Public finance
Monday, 24 January 2022 12:35
Togo bags CFA37 billion in latest bond issue on the WAMU-securities market

(Togo First) - Togo successfully closed an issue of fungible Treasury bonds on the WAMU-securities market last Friday. The country retained CFA37 billion via the operation which matures over seven (7) years and has an interest rate of 5.80%. 

Lomé was looking for CFA35 billion but mobilized a total of CFA84 billion, through 29 subscriptions from investors based in Côte d'Ivoire, Benin, Senegal, Niger, Burkina-Faso, and Togo itself. Comparing the total amount raised to that retained, the issue recorded a coverage rate of 240%.

It should be highlighted that this is Togo’s second issue on the regional market in 2022. It secured CFA27.5 billion from the first issue and eyes CFA533 billion for the whole year.

Esaïe Edoh

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