Togo is applying through its public treasury for a new bond on the regional financial market. The amount sought is 30 billion FCFA.

Togo will issue a simultaneous issue of Bonds of West African Economic and Monetary Union (UEMOA) on September 02 on the West African Economic Monetary Union (UEMOA) public securities market Relance, worth 30 billion CFA francs, announced last week the UMOA-Titres agency. The tender consists of two titles. The first security is a Treasury Assimilable Treasury Bond (BAT) with a maturity of 5 years (60 months) at an interest rate of 5.75%.

The nominal value per unit is 10,000 CFA francs. The money raised will allow the State of Togo to cover its budget financing needs “as part of its economic recovery plan in order to contain the effects of the Covid-19 pandemic and return to the performances before the health crisis.”