Togo launches 94 mln USD bond on UEMOA market

17:19, January 21, 2011      

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The Togolese government on Thursday launched a 47 billion FCFA (94 million U.S. dollars) bond for the 2011-2016 period.

This bond will attract investors from the West African Economic and Monetary Union (UEMOA), an eight-member economic block.

The money will be spent on road construction, tourism development and improvement of primary, secondary and university education.

The Togolese authorities say they have laid a firm foundation for the country's economic resumption by creating a conducive environment for business.

Source: Xinhua
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