WAEMU Securities: Togo Raises CFA32 Billion in Latest Operation

Public finance
Tuesday, 25 June 2024 16:33
WAEMU Securities: Togo Raises CFA32 Billion in Latest Operation

(Togo First) - Togo raised CFA32.11 billion on the WAEMU market on June 24. The country’s treasury secured the funds via a simultaneous issue of fungible bonds (OATs) and fungible bills (BATs). 

In detail, CFA26.2 billion were raised via one-year BATs, while CFA5.9 billion were raised via 3-year and 5-year OATs, at annual interest rates of 6.15% and 6.40% respectively

It is worth noting that Togo’s target for the operation was CFA30 billion. 

So far this year, Lomé raised CFA463 billion on the regional money market, out of an annual goal of CFA607 billion. The funds finance the 2024 budget which stands at CFA2,179 billion.

Esaïe Edoh

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.