The Togolese State, through its Public Treasury, obtained on Friday, April 17, 2026, on the financial market of the West African Monetary Union (UMOA), an amount of 33 billion CFA francs (59.4 million dollars) at the end of a simultaneous auction of treasury assimilable bonds (OAT) with maturities of 3.5 and 7 years.
This fundraising from financial market investors is intended to cover the financing needs of its budget. To do so, the issuer auctioned off 30 billion CFA francs. In return, it received total bids of 91.831 billion CFA francs, representing a bid-to-cover ratio of 306.11%.
Out of the total bids, the Public Treasury retained 33 billion CFA francs and rejected 58.831 billion CFA francs, with an absorption rate of 35.94%.
The weighted average yield is 6.15% for 3-year OATs, 7.19% for 5-year ones, and 7.25% for 7-year ones.
The repayment of the principal of the OATs will be made on the first working day following the maturity date set for April 7, 2029, for the 3-year securities, April 7, 2031, for the 5-year ones, and April 7, 2033, for the 7-year ones. Interest payments will be made annually at a rate of 6.15% for 3-year OATs, 6.35% for 5-year ones, and 6.50% for 7-year ones, starting from the end of the first year.
The total amount of public securities issued by Togo as of April 16, 2026, amounts to 83 billion CFA francs, representing 1.69% of the total volume of issuances made by all UMOA countries, which amounts to 4,890 billion CFA francs.
