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Public securities: Togo raises 34 billion CFA francs on the financial market

18/03/2024
Categories: Index/Markets

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UMOA-Titres announced that Togo completed a new release on the UEMOA public securities market last Friday. In search of 35 billion FCFA through the simultaneous issuance of bills (BAT) and Assimilable Treasury Bonds (OAT), the country finally retained 34.2 billion FCFA

.

In total, more than twenty investors participated in this call for tenders totaling 35.6 billion FCFA, i.e. a coverage rate of 101.80%. In detail, 28.6 billion FCFA were collected thanks to the BAT stipulated on the maturity of 364 days at multiple interest rates. As for the remaining 5.6 billion CFA francs, they were mobilized via OATs issued over 3 and 5 years, with annual interest rates of 6.15% and 6.40%. This new operation brings the total revenue collected since the beginning of the year to 182 billion CFA

francs.
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