UMOA-securities market: Togo launches new tender to raise another XOF20 billion by next September 6

Public finance
Friday, 30 August 2019 13:15
UMOA-securities market: Togo launches new tender to raise another XOF20 billion by next September 6

(Togo First) - Through a new tender issued last Wednesday, Togo yet seeks to raise XOF20 billion on the UMOA-securities financial market by next September, 6th.

According to the related communiqué from the UMOA-securities agency, the funds should be raised by issuing fungible treasury bonds. Proceeds are to be used to cover part of the State budget for this year.

Regarding its features, the operation has a maturity period of five years, a nominal value of XOF10,000 per unit and an interest rate of 6.5% paid yearly, starting next September 9.

Let’s recall that since the second quarter of this year, Togo has had strong returns, some oversubscriptions even, for all its issuances on the regional market.

Séna Akoda

togofirst mobile

 
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