Back on the regional financial market, Togo has requested 25 billion XOF. The funds will be used specifically to cover the financing needs of the State budget for the year 2023.
Two weeks after surpassing the symbolic milestone of 500 billion XOF raised, Togo is back on the sub-regional financial market. The Public Treasury has launched a new call for bids since August 18th, targeting 25 billion XOF.
The operation, ending this Friday, August 25th, 2023, is a triple simultaneous issuance of bonds with maturities of 1, 3, and 5 years. Similar to previous issuances, the collected resources will primarily serve to cover the financing needs of the State budget for the year 2023.
As a reminder, since the beginning of the year, Togo has raised 504 billion XOF out of an annual projection of 574 billion XOF.
