WAEMU: Togo launches new simultaneous issuance, seeks 30 billion

Public finance
Wednesday, 17 April 2024 16:34
WAEMU: Togo launches new simultaneous issuance, seeks 30 billion

(Togo First) - Togo is actively seeking to raise CFA30 billion on the West African Economic and Monetary Union (WAEMU) public securities market through a simultaneous issuance of fungible treasury bonds (OATs) and fungible treasury bills (BATs), which will close on April 26th.

As detailed in the tender document reviewed by Togo First, Lomé plans to secure CFA15 billion through BATs with a nominal value of CFA1 million, multiple interest rates, and a maturity of 364 days. The remaining CFA15 billion will be raised through OATs, featuring a nominal value of CFA10,000, an annual interest rate of 6.15%, and a maturity of three years.

The coastal nation aims to utilize these funds to finance its 2024 budget, which is balanced at CFA2,179 billion.

Esaïe Edoh

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