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Togo: 88 billion FCFA raised on the WAMU market

25/01/2021
Source : ORISHAS FINANCE
Categories: General Information

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On 22 January 2021, the State of Togo pocketed an amount of 88 billion FCFA (132 million euros) following a simultaneous issue of assimilable Treasury bonds (OAT).
The operation has a maturity of 3 years, 5 years and 7 years on the financial market of the West African Monetary Union (WAMU).
Investors showed their interest to the tune of CFAF 201.966 billion, well above the CFAF 80 billion expected by Togo, resulting in a coverage rate of 252.46% 
The bonds will be repaid on the first business day following the maturity date of January 25, 2024 for 3-year OATs, January 25, 2026 for 5-year ONES and January 25, 2028 for 7-year OATs. 
As for the interest payment, it will be made from the first year at an interest rate of 6.15% per year for 3-year maturity bonds, 6.40% for 5-year maturity bonds and 6.50% for 7-year maturity bonds. 

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