(Business in Cameroon) - According to a press release by the Central African States Bank (BEAC), the Cameroonian government began the issuance of Treasury bills on March 12, 2014 for a total of 5 billion FCfa. The results of this auction sale are pending.

Since the start of the year, Cameroon’s Treasury Department has had back-to-back record subscriptions on the central bank’s government-issued securities market. The rate hit 570% during the last auction on February 26, 2014 which is the Cameroon Treasury’s best performance since its BEAC market debut in March 2011.

This year, the Cameroonian Treasury plans to raise 100 billion FCfa through successive issuances of Treasury bills on the BEAC securities market. The 2014 Finance Act also provides for a bond issuance in the amount of 150 billion FCfa.