In search of 20 billion FCFA, Togo is opening the ball for Recovery Bond (ODR) operations within the UMOA. These are Treasury Equitable Bonds (OATs) issued until next February 19

The Umoa-Titres agency has published a call for tenders on the first Recovery Bond (ODR) operations within the Union. Togo, the first country in the running, has subdivided the 20 billion FCFA into several securities with a nominal value of 10,000 FCFA and which have an annual interest rate of 6.1%.
These bonds, issued for a maturity of 05 years, are enhanced by the Central Bank of West African States (BCEAO) which, in collaboration with the Umoa-Titres agency, offers the eight (08) the opportunity to mobilize up to 3,768 billion FCFA globally. Investors will be able to mobilize liquidity at the minimum submission rate at the BCEAO counters for a renewable period of 6 months as long as the 2021 ODR are alive, says