UOMA Securtities Market: Togo Records New Success

Public finance
lundi, 29 avril 2024 13:52
UOMA Securtities Market: Togo Records New Success

(Togo First) - Togo raised CFA32.9 billion on the Umoa securities market on April 26, 2024. The country raised the amount through a simultaneous issuance of Treasury Bonds (OAT) and Treasury Bills (BAT). Lomé’s target for the operation was CFA30 billion. 

According to the operation report, Togo collected CFA21 billion from the BATs issued with maturities of 364 days and multiple interest rates. The remaining CFA11.9 billion came from the OATs, which carry an annual interest rate of 6.15%, with a maturity of 3 years.

These funds were raised from 20 investors who bid CFA48 billion, representing a 160.26% coverage rate of the operation. Most of the proceeds - CFA25 billion - came from Togo and Ivory Coast.

Esaïe Edoh

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