In view of the financing of its 2020 management budget, Togo aims to raise a total of 420 billion FCFA
on the regional financial market, says the regional debt planning agency UMOA-Titres.
The information is brought to the public and West African investors via the provisional of WAMU member states.
Indeed, in the 1st quarter of 2020, Togo will solicit the regional financial market to earn 150 billion
FCFA at the rate of 125 billion FCFA per issue of Assimilable Bonds of the Treasury (OAT) and 25
CFA francs per Assimilable Treasury Bills (BAT).
In the 2nd quarter, the Treasury should expect 75 billion FCFA including 40 billion FCFA of BAT and 35
billion FCFA of OAT. In the 3rd quarter, on the other hand, the country plans to use only OAT, for one
financial objective of 135 billion CFA francs. In the last quarter of 2020, Togo will test its rating on the br regional financial market by issuing BAT and OAT, respectively of 20 billion FCFA and 40
cfa francs.
billion With this borrowing forecast, Togo is the second country after Guinea Bissau (75 billion FCFA) at
consider taking on less debt on the UMOA-TITRES market. It is followed by Niger (CFAF 465 billion) and
Senegal (CFAF 485 billion). The record number of resources to be mobilized (CFAF 1075 billion) will go to cote
Ivory, followed by Benin (CFAF 734 billion).
The projected annual volume of resources to be mobilized at the regional level is CFAF 4,361 billion,
i.e. 1,562 billion BAT and 2,799 billion OAT.
It should be noted that this year, Togo has already applied twice to the regional debt market to try to
mobilize a total of 50 billion FCFA. As a result, it recorded oversubscriptions at
276% and 296% of its emissions. The country has retained 55 billion CFA francs to feed the Treasury
public. Its 3rd release on this market this year will be completed on February 14th. Amount to search for:
25 billion FCFA.