First international private loan

20/12/2019
First international private loan

Reprofilling the domestic debt

The Ministry of Economy and Finance of the Togolese Republic is pleased to announce the signature on December 18th 2019 of a first transaction on the international market by the Togolese Republic.

This transaction reflects the Ministry of Economy and Finance's strategy to proceed, in successive phases depending on market conditions notably in respect of financial terms,  to the reprofiling of certain domestic debts contracted at higher interest rates and with shorter maturities.
This first international private loan financing, 100% insured by the Africa Trade Insurance (ATI) of which Togo recently became a member, has a 10 year maturity and benefits from an all in cost lower than 5% p.a.
This financing has been carried out in full compliance with Togo's current economic program supported by the IMF.

It will generate debt service savings in excess of US$50 million approximately over the next 3 years.
The Togolese Republic has been advised by Lazard Frères for this transaction.

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Bon pour l'image

Sport

Après le football, l’opérateur TogoCom a décidé de soutenir le basket.

Akossiwa Claire Ayivon a les jeux dans la peau

Sport

L'athlète togolaise d’aviron, Akossiwa Claire Ayivon (24 ans), promet de faire des étincelles à l’occasion des JO de Tokyo.

Berlin équipe les communes

Coopération

Depuis plusieurs années, l’Allemagne est l’un des principaux partenaires du Togo pour la mise en oeuvre de la politique de décentralisation.

L’internet académique arrive au Togo

Tech & Web

Le réseau d'éducation et de recherche du Togo (TogoRER) a été lancé jeudi.