Togo: 23 billion Fcfa raised on the WAEMU market

Business

Togo obtained 23 billion Fcfa on the regional market out of the 25 billion hoped for.

Total bids amounted to 26.9 billion, representing a coverage rate of 107.63%.

Investors were solicited for OATs and BATs (Treasury bonds and similar bonds).

This simultaneous issue, like the previous ones, aims to mobilize savings from individuals and legal entities to cover the financing needs of Togo’s state budget.

Source: Africa News Agency