At the end of a simultaneous auction of 91-day Treasury Bonds (BAT) and 3- and 5-year equivalent Treasury Bonds (OAT), on Friday, February 10, 2023, the Togolese State recorded the sum of 34.798. billion FCFA in the WAEMU financial market.

The issuer auctioned the amount of 35 billion FCFA and the total amount of bids after the auction is 56.198 billion FCFA, entitling to a coverage rate for the amount put in adjudication by submissions of 160.57%. The amount of the tenders rejected is 21,400 billion FCFA, i.e. an absorption rate of 61.92%, while the one accepted is 34,798 billion FCFA. For BATs, investors whose bids are successful will end up with a weighted average return of 3.91%. And for 3-year bonds, 6.30% then 6.44% for 5-year bonds. The vouchers are redeemable on the first business day following the due date of 14 May 2023 and interest payable in advance and deducted from the nominal value of the vouchers.

The repayment of the bonds will also take place on the first business day following the maturity date set for February 13, 2026 for 3-year bonds and February 13, 2028 for 5-year bonds. For its part, interest will be paid annually based on the fixed interest rate of 5.50% for 3-year bonds and 5.70% for 5-year bonds, starting at the end of the first year.