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Stimulus bonds: Togo collects 55 billion FCFA

22/11/2021
Categories: Index/Markets

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Through its Directorate General of Treasury and Public Accounting, the State of Togo obtained 55 billion FCFA on the financial market of the West African Monetary Union (UMOA). It was at the end of its issue of stimulus bonds (ORD) from the Treasury with a 15-year maturity.

Togo was on the financial market on November 19, 2021. At the end of the auction, UMOA-Titres listed 132.639 billion FCFA in overall bids from investors out of an auction amount of 50 billion FCFA, i.e. a rate of coverage of the amount auctioned of 265.28%. Of the overall amount proposed by investors, the Togolese Public Treasury withheld 55 billion FCFA and rejected the remaining 77.639 billion FCFA, representing an absorption rate of 41.47%. The bonds issued will be redeemed on the first business day following the maturity date set at November 22, 2036. Concerning the payment of interest, it will be made from the end of the first year at a fixed interest rate of 6.30%.

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