Togo plans to conduct a simultaneous issuance of Treasury Bills (T-Bills) and Treasury Bonds (T-Bonds) with a total value of 35 billion FCFA on the regional financial market. This operation is scheduled for Thursday, July 27.
Togo is back on the regional financial market. Just a few weeks after its last successful issuance, the country has launched a new operation. Under this issuance, Treasury Bills, with a face value of 1 million FCFA, will be offered with a maturity of 182 days and will carry multiple interest rates.
As for the Treasury Bonds, they will have a face value of 10,000 FCFA and will be issued with interest rates of 6% and 6.25% for respective maturities of 3 and 5 years.
This operation aims to meet the financing needs of the State budget for the year 2023, amounting to 1,957 billion FCFA. The simultaneous issuance of T-Bills and T-Bonds will allow the Togolese government to diversify its sources of financing and attract investors with short and medium-term perspectives, while offering competitive yields to these investors. This strategy also reflects investors’ confidence in the solvency and economic stability of Togo.
