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Treasury bonds and bonds: Togo raises 30.300 billion FCFA on the UEMOA financial market

17/07/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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At the end of its issuance of a simultaneous auction of 364-day treasury bills (BAT) and equivalent treasury bonds (OATs) of 3 and 5 years, the State of Togo raised on July 12, 2024 on the financial market of UEMOA the sum of 30.300 billion FCFA, in order to

finance its budget.

The amount that was put up for auction by the issuer was 35 billion FCFA, according to UMOA-Titres. It received global bids of 39.504 billion FCFA, a coverage rate of the amount put out to tender of 112.87%. The amount of tenders accepted is 30.300 billion FCFA and that rejected at 9.204 billion FCFA, i.e. an absorption rate of 76.70%. Vouchers will be refunded on the first business day following the due date of July 13, 2025. Interest will be paid in advance and deducted from face value.

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