In search of 20 billion FCFA, Togo opens the ball of recovery bond operations (ODR) within waMU. These are the Assimilable Treasury Bonds (OAT) issued until February 19.

The Umoa-Titres agency has published a call for tenders on the first Recovery Bond (ODR) operations within the Union. Togo, the first country in the running, has subdivided the 20 billion FCFA into several securities of nominal 10,000 FCFA and which are accompanied by an annual interest rate of 6.1%.
These bonds issued for a maturity of 05 years, are subsidized by the Central Bank of West African States (Bceao) which, in collaboration with the agency Umoa-Titres, offers the eight (08), the opportunity to mobilize globally up to 3,768 billion FCFA. Investors will be able to mobilize liquidity at the minimum bid rate at the BCEAO counters for a period of 6 months renewable as long as the 2021 ODRs are alive, says Umoa-titres.