Togo is set to conclude its first fundraising effort for May on the West African Monetary Union (WAMU) government securities market on Friday, May 9, 2025. The Togolese Treasury aims to raise 20 billion CFA francs (approximately $33 million USD) through the issuance of Treasury Bonds (BAT).
Specifically, the government intends to mobilize these funds by issuing bonds with maturities of 182 and 364 days. The bonds will have a nominal value of one million CFA francs each and will be remunerated at multiple interest rates.
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The funds raised are earmarked to bridge a financing gap in Togo’s national budget for the 2025 fiscal year. The budget projects revenue and expenditure to balance at 2,397 billion CFA francs.
This fundraising operation is part of a broader strategy by the Togolese government to raise 75 billion CFA francs on the regional financial market during the second quarter of 2025. So far this year, Togo has already raised 165.5 billion CFA francs, representing nearly 50% of its annual target of 332 billion CFA francs
