The Directorate General of Treasury and Public Accounting of Togo collected on July 23, 2023 an amount of 27.500 billion FCFA on the financial market of the West African Monetary Union (WAMU). This was at the end of its issue of recovery bonds (ORD) from the Treasury with a 10-year maturity, organized in partnership with the UMOA-Titres agency based in Dakar.

At the end of the auction, the UMOA-Titres agency listed 86.705 billion FCFA in overall bids from investors for an amount put up for auction of 25 billion FCFA, i.e. a coverage rate of the amount put up for auction. of 346.82%. Of the total amount proposed by the investors, the State of Togo withheld 27.500 billion FCFA and rejected the remaining 59.205 billion FCFA, representing an absorption rate of 31.72%. The bonds issued will be redeemed on the first business day following the maturity date set at July 26, 2031. As regards the payment of interest, it will be made from the end of the first year at a fixed interest rate of 6. 20%. The weighted average yield is 6.15%. On the other hand, the weighted average price and the marginal price are respectively at 1003 and 1001.

Initiated by the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO), the issuance of ODRs aims to enable the issuer to mobilize the savings of natural and legal persons with a view to ensuring coverage of the financing needs of the State of Togo's budget within the framework of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis . It targets not only socially responsible investors but also companies or individuals wishing to support economic recovery actions initiated by the States of the WAEMU zone.