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Yaoundé - 23 September 2019 -
Economy

Cameroon raises XAF30 bln on BEAC security market

Cameroon raises XAF30 bln on BEAC security market
  • Comments   -   Monday, 02 September 2019 13:03

(Business in Cameroon) - On August 28, 2019, Cameroon, once again, successfully raised XAF30 billion on the central African region central bank BEAC’s security market.

This fundraising operation was done via the issuance of a 26-week fungible bill. According to official results published on BEAC’s website, the subscription rate was more than 218%. The country received offers amounting to XAF65.5 billion at an interest rate of 2.37%, a little above the usual 2.4-2.5%.

Let’s remind that in Q3, 2019, Cameroon’s public treasury wants to raise XAF240 billion on the BEAC’s security market.

BRM

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