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Cameroon seeks FCfa 7 billion on the BEAC public stock market

Cameroon seeks FCfa 7 billion on the BEAC public stock market
  • Comments   -   Friday, 12 February 2016 03:00

(Business in Cameroon) - In order to finance the State treasury deficit, the Cameroonian Treasury issued on 10 February 2016, Treasury bills (bons du Trésor - BTA in French) with a maturity of 26 weeks on the public stock market of the Central African States Bank (BEAC in French). The operation's aim is to raise FCfa 7 billion, we learned in an official communiqué.

This is the third operation of the type carried out by Cameroon on this community market, since the beginning of the year. A second issuance of stocks, for the same amount, is scheduled for 24 February.

As a reminder, according to the provisional calendar of operations of the State of Cameroon on the BEAC market in 2016, an amount between FCfa 52 and 57 billion is expected to be raised on this market during the first quarter of the year.

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