Cameroon issues new government securities for FCfa 5 billion on BEAC market

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Cameroon issues new government securities for FCfa 5 billion on BEAC market

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- Thursday, 04 May 2017 12:32

(Business in Cameroon) - The Cameroonian Public Treasury proceeded, on 3 May at the headquarters of the Bank of Central African States (Banque des Etats de l’Afrique Centrale - BEAC) in Yaoundé, with a new issuance of fungible Treasury bills with a 26-week maturity, for a total amount of FCfa 5 billion, we learned officially.

In the 2nd quarter 2017, through these operations issuing public securities, the government of Cameroon aims to raise an overall envelope ranging between FCfa 60 and 70 billion on the BEAC market. Throughout the 2017 fiscal year, FCfa 300 billion is planned in all, through the issuance of government securities on capital markets.

BRM

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