Togo raises 20 billion FCFA on the UEMOA market

Sani Yaya, Minister of Economy and Finance of Togo

Togo will proceed to the issue by auction of similar Treasury Bonds for an amount of 20 billion FCFA on the market of the West African Economic and Monetary Union (UEMOA), according to an announcement made by Umoa-Titres agency.

The deadline for the submission of tenders is 25 January 2019, with a nominal value of 10,000 FCFA and the interest rate is 6.25%.

The repayment of these obligations will be January 31, 2022, specifies the agency. The payment of interest will be made annually on the basis of the rate of interest announced the year from the first year, one says.

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