Togo raised CFA25bn out of CFA50bn for its latest fungible treasury bonds issuance on regional market

Public finance
Monday, 29 October 2018 12:30
Togo raised CFA25bn out of CFA50bn for its latest fungible treasury bonds issuance on regional market

(Togo First) - CFA25.077 billion. That is the amount raised by Togo’s treasury through its latest fungible bonds issuance on the UMOA-Titres market last Friday.

This sum is about half (54.1%) the amount targeted by the treasury. In detail, total amount of bids placed for the 3-year bond issuance was CFA23.259 billion, of which CFA21.03 billion was retained. As for the 5-year bonds, only about CFA4 billion were raised for the operation.

The issuance falls under Togo’s public security issuance programme, in line with the country’s mid and long term debt management strategy.

Let it be recalled that monies collected through the operation should help the country fund its budget.

Séna Akoda

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