With the aim of financing its budget, the State of Togo, through its Public Treasury, collected on June 7, 2024 at the level of the UEMOA financial market the sum of 36.9 billion FCFA at the end of its auction issue simultaneously of assimilable treasury bonds (BAT) with a duration of 182 days and assimilable treasury bonds (OAT) of 3 and 5 years.
According to UMOA-Titres, the amount that was put up for auction was 35 billion FCFA. The issuer received total bids of 45.715 billion FCFA. This gives a coverage rate of the amount put up for auction of 130.62%.
The amount of bids accepted is 36.9 billion FCFA and that rejected is 8.815 billion FCFA. Which corresponds to an absorption rate of 80.72%. The successful bids come exclusively from 5-year bonds and bonds.
Investors who have had their bids accepted will find themselves with a weighted average yield of 6.78% for bonds and 7.80% for 5-year bonds.
The bonds will be reimbursed on the first business day following the maturity date set at December 8, 2024. Interest will be paid in advance and deducted from their nominal value.
Concerning the repayment of the capital of the bonds, it will be done on the first working day following the maturity date set at February 5, 2029. As for the payment of interest on these bonds, the issuer intends to do so annually on the basis of the fixed rate of 6.40% from the end of the first year.
Adou FAYE
