(Business in Cameroon) - On September 3, 2014, Cameroonian Treasury Department will issue Treasury bills amounting to 10 billion FCFA on the Central African States Bank securities market (BEAC). This was announced in a press release by Delegate Minister to the Minister of Finance, Pierre Titti (photo).
These short term debt securities will have a maturity of 26 weeks. Subscriptions can be done at the 13 State-approved primary dealers in the CEMAC zone.
In theory, this is Cameroon’s last operation on the securities market for the third quarter of 2014. In total, the State has raised some 50 billion FCFA in the last three months, including 10 billion FCFA using Treasury bonds with a 2-year maturity.
Since the start of 2014, the State of Cameroon has had a perfect track-record on the BEAC and has been moving towards its budgetary target of 100 billion FCFA this year using successive issuances of Treasury bills. After the 10 billion raised last august by bond issuance, a bond loan of 170 billion FCFA remains before the end of the current budgetary period.