In search of a new loan to support its economy weakened by the covid-19 pandemic, Togo raised this Friday, 35 billion FCFA.
Togo completed this Friday its third foray into the regional financial market of WAEMU. The country, which issued a new call for tenders 10 days ago for Assimilable Treasury Bonds (OAT), has thus garnered new success with regional investors.
For this operation, Togo had requested an amount of 35 billion, via a long-term operation (10 years). Nearly fifty submissions were recorded, for a total amount of 69.8 billion FCFA, ie a coverage rate of almost 200%. But the Treasury, true to its risk reduction strategy, ultimately retained only the 35 billion requested.
As a reminder, Togo plans to mobilize in 2022, regarding 550 billion FCFA, including 180 billion in the first quarter. The resources collected are used to finance the needs of the State budget and support its post-Covid-19 economic recovery plan.
