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Bond loan: Togo raises 30 billion FCFA

07/03/2022
Categories: Index/Markets

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Togo plans to mobilize in 2022, about 550 billion FCFA, including 180 billion in the first quarter. Last Friday, the country raised 30 billion FCFA on the regional financial market.

One month after its last operation to date, Togo was back this Friday, March 4 on the regional financial market of Uemoa. In total, more than 57 billion FCFA were submitted by around thirty investors, representing a coverage rate of 190%, informs Agence Umoa-Titres. However, the Treasury retained only 30 billion, corresponding to the amount sought. The resources collected are used to finance the needs of the State budget and support its post-Covid-19 economic recovery plan.

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