Togo intends to collect CFA25 billion from the public securities market of the West African Monetary Union this Friday, February 7. The country’s Treasury will issue short-term government bonds, referred to as fungible bills (BAT), to obtain the funds.
Each bond will carry a nominal value of CFA1 million, a maturity period of three months, and different interest rates. The funds obtained will support Togo’s 2025 budget, which totals CFA2,397 billion.
This year, Togo plans to raise a total of CFA332 billion from the regional financial market. To date, it has already secured CFA44 billion through two prior operations in January, reaching 13% of its annual target.
