For its latest outing on the regional financial market, the Togolese Treasury raised an estimated amount of XOF 16 billion, according to information provided by the country’s presidency.
Togo concluded a new issuance on the regional financial market on Friday, July 14th. Seeking XOF 30 billion through a simultaneous issuance of Treasury Bills and Assimilated Bonds (BAT and OAT), the public treasury ultimately raised XOF 16 billion.
However, investors were present, with around thirty submissions and a coverage rate of 110%. With these new resources, intended to cover operational needs, the country has now mobilized a total of XOF 430 billion since the beginning of the year.
As a reminder, Togo has already managed to capture over 70% of its annual mobilization target.
