Togo successfully closes the second round of Covid-19 bonds issuance

(Togo First) - Togo has successfully completed its second issue of Covid-19 bonds, getting WAEMU investors to raise CFA160 billion for the securities. The operation, through which the country was seeking CFA70 billion, was oversubscribed at a rate of about 230%.

Of the 160 billion mobilized, the Togolese treasury will retain 108 billion to tackle Covid-19. Nominal value for the securities issued - fungible treasury bills - is CFA1 million and the maturity period is three months. 

This second issue, it should be noted, comes after the first one that took place three months ago and closes the second phase of Covid-19 bond issuances within the WAEMU.