WAEMU-securities: Togo will seek CFA30 billion on the regional market this week

Public finance
Tuesday, 30 August 2022 17:29
WAEMU-securities: Togo will seek CFA30 billion on the regional market this week

(Togo First) - Through a simultaneous bond issue scheduled for September 2, 2022, Togo will seek CFA30 billion on the WAEMU market. 

The bonds, recovery bonds, have respective maturities of five and seven years. They have a nominal value of CFA10,000 and carry interest rates of 5.75% and 5.90% per annum respectively, from the first year.

The upcoming issue targets socially responsible investors, companies, and individuals. Its goal is to “help cover financing needs of Togo’s State budget, in line with the economic recovery plan aimed at mitigating the impacts of the Covid-19 pandemic and returning to pre-pandemic performances.”

Written by:Esaïe Edoh 

Translated from French by Schadrac Akinocho

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.