The Togolese Treasury achieved a significant success in the West African Economic and Monetary Union (WAEMU) regional financial market by raising a total of 32 billion CFA francs in a recent simultaneous issuance of Treasury Bills (T-Bills) and Treasury Bonds (T-Bonds).
Togo concluded another issuance in the regional financial market on Friday, September 15, 2023. This operation was executed successfully, with 8 billion CFA francs raised through T-Bills, which had a maturity of 364 days and were offered at various interest rates to attract investors. Additionally, the Treasury was able to raise 24 billion CFA francs through T-Bonds issued with maturities of 3 years and 5 years, offering respective annual interest rates of 6% and 6.25%.
The success of this operation is even more impressive as it saw participation from 19 investors, offering a total subscription of 33 billion CFA francs, resulting in a coverage rate of 110%. This strong demand reflects the confidence of investors in the strength of the Togolese economy and the credibility of its issuances in the regional financial market.
