La Direction générale de la Bourse Régionale des Valeurs Mobilières (BRVM ) informed that the Togolese State will proceed with the payment of profits on February 17, 2025 half-yearly and to the partial repayment of the capital of its Islamic bond loan called “Sukuk State of Togo 6.50% 2016-2026” for a total amount of more than 12 billion FCFA

The debt that Togo will repay next February amounts to 12.026 billion FCFA. The loan was launched from July 20 to August 10, 2016 on the UEMOA financial market for an amount of 150 billion CFA francs. The objective was over time to finance some of the projects for the economic and social development of the country. The issuer had set a profit margin of 6.50% in order to attract investors and subscribers. The loan is expected to last 10 years from 2016 to 2026. Reimbursement should take place semi-annually. Selon les responsables de la BRVM , the closing of records is set for Monday, February 17, 2025, the Sukuk State of Togo 6.50% 2016-2026 title, will trade ex-profit margin from Thursday, February 13, 2025. Thus, investors who therefore wish to acquire these Islamic bonds and therefore benefit from these profits, will be able to do so no later than Wednesday, February 12, 2025.