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UMOA financial market: Togo raises 22 billion CFA francs

13/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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Togo raised on January 10, 2025 on the financial market of the West African Monetary Union (UMOA) an amount of 22 billion FCFA (35,200 million dollars) following its simultaneous issuance of an auction of assimilable treasury bills (BAT) with a maturity of 364 days and equivalent treasury bonds (OATs) of 3 years.

Initially aiming at mobilizing 20 billion FCFA, the West African country recorded submissions of 47 billion CFA francs, corresponding to a coverage rate of 238.72%.

On BAT, with a maturity of 364 days and with a multiple interest rate, the country collected 15.31 billion CFA francs. As for the OATs, stipulated over a term of three years with an annual interest rate of 6.25%, they made it possible to mobilize 6.68 billion FCFA

.

This year, Togo plans to raise a total of 332 billion FCFA to finance its budget, which is balanced in revenue and expenditure at 2397 billion FCFA.

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