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UEMOA financial market: Togo raises 10.505 billion FCFA

02/10/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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In order to finance its budget, the Togolese State raised on September 30, 2024 the sum of 10.505 billion FCFA on the financial market of UEMOA . This was the result of a simultaneous auction of assimilable treasury bills (BAT) with a maturity of 182 and 364 days as well as comparable 3-year treasury bonds (OATs) organized in partnership with UMOA-Titres

.

The issuer has put 15 billion CFA francs up for auction. The amount of the bids from investors was 18.535 billion FCFA, i.e. a coverage rate of the amount put out to tender of 123.57%. The amount of tenders accepted is 10.505 billion FCFA and that rejected 8.030 billion FCFA, i.e. an absorption rate of 56.68%. Investors whose bids were successful will end up with a weighted average return of 7.31% for 182-day bonds, 7.48% for 364-day bonds and 8.09% for

bonds.
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