Togo is moving upmarket with 82.500 billion FCFA raised on the financial market of the West African Monetary Union (UMOA). This is a simultaneous issue of Treasury bonds (ORD) with maturities of 5, 7 and 10 years.

After three successful Treasury ODR issues with amounts varying between 22 and 40 billion FCFA, the State of Togo, through its General Directorate of Treasury and Public Accounts, made an exceptional issue ranging from 5 to 10 years with a very attractive remuneration for investors who have positioned themselves on the ODR of 7 and 10 years.
At the end of the auction, the UMOA-Titres agency listed 198.882 billion FCFA in overall bids from investors out of an amount put up for auction of 75 billion FCFA, i.e. a coverage rate of the amount put up for auction of 265.18%. Of the overall amount proposed by investors, the Togolese Public Treasury withheld 82.500 billion FCFA and rejected the remaining 116.382 billion FCFA, representing an absorption rate of 41.48%.
The bonds issued will be redeemed on the first business day following the maturity date set at April 19, 2026 for 5-year OATs, April 19, 2028 for 7-year OATs and April 19, 2031 for 10-year OATs. Regarding the payment of interest, it will be made from the end of the first year at a fixed interest rate of 5.90% for 5-year OATs, 6.15% for 7-year OATs and 6.25% for 10-year OATs.