On April 11, 2025, Togo will initiate its inaugural fundraising effort on the West African Monetary Union (WAMU) government securities market for the second quarter. This initiative will involve the issuance of Treasury Bonds (BAT) with the goal of securing 20 billion CFA francs.
The bonds will be offered at a nominal value of one million CFA francs, featuring maturities of 182 days and 364 days, along with varying interest rates. The funds generated will be utilized to finance the national budget for the 2025 fiscal year, which is projected at 2,397 billion CFA francs.
This offering on April 11 marks the first of five planned issuances by Lomé for the current quarter. The Togolese government aims to raise a total of 75 billion CFA francs through these offerings on the regional financial market. Since the start of the year, Togo has successfully raised 121.5 billion CFA francs in this market, against an annual target of 332 billion CFA francs.
