Cameroon to raise 45-55 billion FCFA on BEAC in second quarter of 2015

Yaoundé - 25 April 2024 -

Finance

Cameroon to raise 45-55 billion FCFA on BEAC in second quarter of 2015

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- Thursday, 09 April 2015 03:15

(Business in Cameroon) - In the 2^nd quarter of 2015, Cameroon’s Treasury Department is planning public securities issuances on the Central African States Bank (BEAC) market. This was revealed in a calendar submitted to the central bank by the Cameroonian Finance Minister.

According to the calendar, the first Treasury bond issuances with two and three year maturities (5-10 billion FCFA to be raised on April 30 and May 28) will be made in the second quarter. Only Treasury bills were issued in the first quarter, which are short-term loan instruments (maximum maturity of 52 weeks).

In the second quarter, Treasury bills will be pursued by the Treasury Directorate of the Ministry of Finance which is seeking to raise 35 billion over the period in question by issuing this type of government security. The first issuance is slated to take place on April 8, 2015. Cameroon hopes to raise 5 billion FCFA.

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