Togo to close Q2 2019 through a last XOF20 billion issuance on sub-regional financial market

Finance
Monday, 24 June 2019 17:50
Togo to close Q2 2019 through a last XOF20 billion issuance on sub-regional financial market

(Togo First) - Next Friday, Togo will proceed to a last issuance of fungible treasury bonds on the regional financial market. According to UMOA-securities which disclosed the information, the country will try to raise XOF20 billion through the operation.

The latter will mature over 36 months and its interest rate is 6.25% while nominal value per unit security is XOF10,000.

Subscribed securities will come into value starting from July 1, 2010 while reimbursement should end June 3, 2022.

This operation will be the last for the current quarter during which Togo performed well on the regional financial market.

Séna Akoda

togofirst mobile

 
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