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Recovery bonds: Togo cashes in CFAF 33 billion

03/05/2022
Categories: Index/Markets

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Golgolgol obtains 33 billion FCFA of stimulus bonds at the level of the west african monetary union (WAMU) financial market. This is at the end of a 10-year Treasury stimulus bond (DSB) issue held on Friday, April 29, 2022

 

After auction, the overall bids amounted to 40.031 billion FCFA out of a requested amount of 30 billion FCFA. This gives a coverage rate of the amount put out to tender of 133.44%. The amount of tenders selected amounted to 33 billion CFA francs and the rejected one was 7.031 billion CFA francs. This gives an absorption rate of 82.44%. Investors whose bids have been selected will end up with a weighted average return of 5.87%. This sum is intended to cover the financing needs of Togo's State budget as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and return to pre-health crisis performance.

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