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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.

BRM

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