The Togolese Treasury successfully raised a sum of 23.4 billion FCFA on the regional financial market of the West African Economic and Monetary Union (WAEMU) on Friday.
Togo has completed another issuance on the regional financial market. This operation was carried out through a simultaneous auction of Treasury Bills (T-Bills) with a maturity of 364 days, as well as Treasury Bonds (T-Bonds).
During this operation, the government collected 17.7 billion FCFA through the Treasury Bills with a maturity of 364 days. These bills were issued at various interest rates, reflecting investors’ confidence in the country’s economic and financial stability. At the same time, the government also borrowed 5.6 billion FCFA through Treasury Bonds issued over a 5-year period, with an annual interest rate of 6.25%.
The tender attracted significant interest from investors, with the participation of 23 major players in the financial market. A total amount of 26.9 billion FCFA was submitted during the tender, indicating an impressive coverage rate of 107.63%. This strong demand reflects investors’ confidence in Togo’s economic viability and its ability to fulfill its financial commitments.
