The Togolese Treasury raised 36.9 billion XOF in the regional financial market, as announced by the Togolese presidency in a statement on Sunday.
On Thursday, July 27th, Togo successfully completed a new operation in the regional financial market. Seeking 35 billion XOF, the country managed to raise 36.9 billion XOF, as reported by Umoa-Titres agency.
The operation, a simultaneous issuance of bonds and Treasury bills, received around twenty bids for a total amount of 38.9 billion XOF. However, the public treasury, adhering to its mobilization strategy, ultimately retained only 36.9 billion XOF.
This new raising, intended to cover the State budget’s needs, brings the total funds mobilized since the beginning of the year to 466 billion XOF. This represents more than 3/4 of the annual forecast estimated at 574 billion XOF.
