Togo plans to raise 20 billion CFA francs on the West African Monetary Union (WAMU) government securities market on Friday, May 23, 2025. To achieve this, the country’s Treasury has launched a simultaneous issuance of Treasury Bonds (BAT) and Treasury Bonds (OAT).
Specifically, the operation aims to raise 7 billion FCFA through 182-day maturity bonds with a nominal value of 1 million FCFA, offered at multiple rates. The remaining 13 billion FCFA will be raised through three-year bonds with a nominal value of 10,000 FCFA and a fixed interest rate of 6.25%.
The anticipated funds will contribute to financing the national budget for the 2025 fiscal year, which is balanced at 2,397 billion FCFA in both revenue and expenditure.
Notably, since the start of the year, Togo has raised 187.5 billion FCFA out of its annual target of 332 billion FCFA on the regional market.
