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Recovery bonds: Togo raises 33 billion FCFA on the UEMOA financial market

05/09/2022
Categories: Index/Markets

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After a simultaneous issuance of 5- and 7-year Treasury recovery bonds (ORD), Togo lifted on Friday, September 2, 2022, on the financial market in El UEMOA the sum of 33 billion CFA francs.

The organizer of the operation, UMOA-Titres, indicates that the total amount of bids was 72.603 billion FCFA. The issuer requested 30 billion CFA francs. This gives a coverage rate for the amount put up for tender of 242.01%. The winning bids amounted to 33 billion FCFA and the rejected to 39,603 billion FCFA. This gives an absorption rate of 45.45%.

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