Togo will seek XOF25 billion on UMOA-Titres market this month

Finance
Tuesday, 07 January 2020 15:10
Togo will seek XOF25 billion on UMOA-Titres market this month

(Togo First) - In the last quarter of 2019, Togo performed no operation on the UMOA-Titres financial market. 

Now, the country seeks XOF25 billion which it intends to raise on this market, by issuing fungible treasury bonds. 

The operation which should close on January 17, is predicted to mature over a year, with multiple interest rates. Its corresponding nominal value is XOF1 million. 

According to the associated tender, the value date is January 20. 

Funds raised by issuing the bonds will be used to finance Togo’s 2020 State budget. Moreover, it will help Togo assess how well it is trusted by investors in the West African Economic and Monetary Union (WAEMU). 

Séna Akoda

togofirst mobile

 
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