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The Cameroonian public Treasury attempts to raise FCfa 5 billion on the BEAC market on 17 May 2017

The Cameroonian public Treasury attempts to raise FCfa 5 billion on the BEAC market on 17 May 2017
  • Comments   -   Thursday, 18 May 2017 06:29

(Business in Cameroon) - The Cameroonian government proceed on 17 May 2017, with a new issuance of fungible Treasury bonds (BTA in French) worth FCfa 5 billion and with a maturity of 52 weeks. The results of this auction session are expected tomorrow 18 May 2017, we learned.

Generally speaking, the Cameroonian public Treasury always succeeded in its fundraising operations on BEAC’s government securities market, despite the competition on this market which has become very tough with the arrival these past months of new States such as Equatorial Guinea or Congo.

As a reminder, during the 2nd quarter of 2017, through these public securities operations, the Cameroonian government is planning to raise between FCfa 60 and 70 billion globally on BEAC’s market. FCfa 300 billion in total are scheduled to be raised for the budget year 2017, through the issuance of public securities on capital markets.

BRM

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