The Togolese government has secured 33 billion CFA francs through the issuance of 91-day Treasury Bonds on the West African Monetary Union (WAMU) regional financial market. Organized by UMOA-Titres, the auction attracted strong investor interest, with bids totalling 60.096 billion CFA francs against an initial target of 30 billion, representing a coverage rate of 200.32%.
Twelve financial institutions submitted 18 bids, with Togo securing the largest share at 21.992 billion CFA francs from local investors, followed by Benin (5.727 billion), Mali (2.281 billion), Burkina Faso (2 billion) and Senegal (1 billion).
No bids were accepted from Côte d’Ivoire, Niger, and Guinea-Bissau.
The bonds, each with a nominal value of 1 million CFA francs, carry a weighted average yield of 5.68% and a marginal rate of 5.79%.
They mature on November 10, 2025, with the value date set for August 12, 2025.
The absorption rate stood at 54.91%, reflecting selective acceptance of offers by Togolese authorities.
This issuance is part of the government’s strategy to finance short-term cash flow needs and underscores regional investors’ confidence in Togo’s public debt securities.
