Togo mobilized, Friday, May 4, a total amount of 24.7 billion CFA francs, against 20 billion solicited through an issue by auction of treasury bills, a coverage rate of 123.7%.
According to the results of the transaction published by Umoa-Titres, the issuer retained an amount of 22 billion. With an interest rate of 6.75% and a unit nominal value of one million, this issue aims to “insure the coverage of the financing needs of the state budget.”
The last issue of the treasure of Togo dates back to April 20, 2018, when its similar bonds were subscribed at a rate of 115%, for a total amount of 17 billion bids.
