Togo issues €45m bond
The bond is available on the WAEMU's market.Togo has issued on January 14th a 30 billion CFA francs (€45.5 million) bond, West Africa's regional debt planning agency UMOA-Titres has announced.
This one-year issue is sold on the market of the West African Economic and Monetary Union (WAEMU).
The move comes after Togo issued on November 19th a 30 billion CFA francs 5-year bond on the regional market, in a bid to finance the government's infrastructure projects.
Created in 2013 by the Central Bank of West African States (BCEAO) in 2013, 'UMOA-Titres' is a regional agency to support States with the issuance and management of public debt securities within the union.
It coordinates and structures bond issuance programs, organises capacity building seminars for key players of the regional financial market and promotes government securities to investors.
It also manages bond operations on the regional market and monitors their outcome.