The State of Togo will proceed on February 17, 2021 to the payment of the half-yearly margin as well as the partial repayment of its Islamic bond called "Sukuk State of Togo 6.50% 2016-2026" for a total amount of 14.861 billion FCFA (22.292 million euros).
The half-year margin amounts to CFAF 4.252 billion and the partial repayment of capital to CFAF 10.608 billion. This payment in view will follow four others for a total amount of 62.884 billion CFA francs.

From July 20 to August 10, 2016, the Togolese government authorities had launched a public offering  on the financial market of the West African Monetary Union (WAMU), a Sukuk or Islamic bond for an amount of 150 billion FCFA. To attract investors and subscribers, they  had set a profit margin of 6.5% to be paid to them. The Sukuk had a duration of 10 years, covering the period 2016 – 2026.

The operation  was structured  around a mutual fund for the securitization of receivables (FCTC) which had issued  15 million units  with a nominal value of 10,000 FCFA per unit.

The Sukuk asset had consisted of the usufruct of a set of 12 properties located in Togo. This is particularly  the case of the building Site Foire Togo 2000 of 92,400 square meters valued at 72.493 billion FCFA,  the headquarters of Togo telecom of 31,040 square meters valued at 19.552 billion FCFA, the OTR Commissariat des impôts building of 14,200 square meters valued at 13.739 billion FCFA or the building of the Ministry of Commerce with an area of 4725 square meters valued at 8.390 billion FCFA.

Following due diligence by the FCTC's Statutory Auditor, it was established that the value of this Sukuk asset is at least equal to CFAF 200.025 billion  .