At the end of its issue of recovery bonds (ORD) of the Treasury with a maturity of 5 years, the General Directorate of the Treasury and Public Accounts of Togo collects 22 billion FCFA. The country was on the financial market of the West African Monetary Union (WAMU) on April 30.

The operation organized with the UMOA-Titres agency in collaboration with the Central Bank of West African States (BCEAO) aims to enable the issuer to mobilize the savings of natural and legal persons with a view to to cover the financing needs of the Togo State budget as part of its economic recovery plans in order to contain the effects of the COVID-19 pandemic and restore performance prior to the health crisis.

At the end of the auction, 52.515 billion FCFA were listed in overall bids from investors for an auction amount of 20 billion FCFA, i.e. a coverage rate of the auction amount of 262.58%. . Of the overall amount proposed by investors, the Togolese Public Treasury withheld 22 billion FCFA and rejected the remaining 30.515 billion FCFA, representing an absorption rate of 41.89%.

The bonds issued will be redeemed on the first business day following the maturity date set at May 3, 2026. As regards the payment of interest, it will be made from the end of the first year at a fixed interest rate of 5. 80%.