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Stimulus bonds: Togo on the regional financial market in search of 25 billion FCFA

19/08/2021
Categories: Index/Markets

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For a few weeks and until August 20, 2021, Togo has been looking for 25 billion FCFA on the regional financial market. This information was released on August 16, 2021 by the Umoa-Titres agency, via a tender notice on its official website.

According to information relayed by the agency, which specifies that the securities issued have a nominal unit value of 10,000 FCFA with an annual interest rate of 6.15%, the West African country has just issued on the regional financial market, new recovery bonds with a maturity of 10 years. This amount, according to the Togolese authorities, will be used to revive the country's economy during the post-Covid-19 period. It should be remembered that since the beginning of 2021, Togo has already collected 408 billion FCFA on the financial market. And on behalf of this third quarter of the current year, the country aims to mobilize 110 billion FCFA, including 27.5 billion FCFA already raised thanks to its first operation last July.

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