UMOA Titres, in collaboration with the BCEAO, organized on Friday at the request of the Togolese Treasury the issue of recovery bonds (OdR) for an amount of 27.5 billion CFA francs. As part of the recovery of its economy post -Covid-19, Togo has just raised 27.5 billion FCFA on the regional financial market. The total amount of bids exceeded 61 billion. The auction raised 27.5 billion, representing a coverage rate of more than 245%.
The operation has a maturity of 84 months, or 7 years, according to the same source, which also specifies that the securities issued carry an annual interest rate of 5.98%. Already, the country managed, on May 29, to raise 27.5 billion FCFA, with a weighted average yield estimated at 5.66% with a 5-year maturity and a fixed interest rate of 5.8%. A success that was in line with its releases on the regional financial market since the beginning of the year.
With this new success, Togo brings to more than 300 billion FCFA the total funds it has raised on the regional financial market in 2021. UMOA-Titres launched at the beginning of the year the bond issuance program Recovery in order to support the post-Covid economic recovery plans of the WAEMU States.