Yaoundé - 25 May 2019 -

Cameroon mobilizes XAF10bln on the Beac securities market

Cameroon mobilizes XAF10bln on the Beac securities market
  • Comments   -   Friday, 01 February 2019 17:10

(Business in Cameroon) - Cameroonian Treasury issued January 30, 2019, a 52-week fungible treasury bills (BTAs) worth XAF10 billion on the securities market of the Bank of Central African States (Beac), we learnt.

Investors, who demand interest rates ranging 2.4 to 4%, were really interested in this operation and subscription rate reached 235%, according to Beac.

Welcoming the success of this operation, the Cameroonian Treasury announces a new 52-week BTA issue for February 6, 2019. Another XAF10 billion is expected to be raised through the operation.

Let’s note that this year Cameroon seeks XAF260 billion on the capital market through the issuance of public securities.


Mags frontpage

Business in Cameroon n75: May 2019

Private Equity emerges in Cameroon

Interview with the Managing Director of Jumia Cameroon

Investir au Cameroun n85: Mai 2019

L’émergence du Private Equity au Cameroun

Rencontre avec le DG de Jumia Cameroun