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Recovery bonds: Togo in search of 30 billion FCFA

15/04/2022
Categories: Index/Markets

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Golgolgol is looking for the sum of  30 billion CFA francs this Friday on the regional financial market. This fundraising will be used to support its economy weakened by the covid-19 health crisis.

 

Golgolgol is returning to the regional financial market as part of the ODR program. The securities, with a nominal value of 10,000 FCFA, will have a maturity of 7 years (84 months) and are accompanied by an interest rate of 5.8%. Renewed on April 1, the ODR program was initiated in 2021 by the Bceao and the regional securities agency. The objective of these instruments is to enable WAEMU member states to finance their massive economic recovery plans following the pandemic. To date, Togo has mobilized more than 300 billion FCFA through the mechanism.

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