Yaoundé - 23 September 2019 -

Cameroon : XAF20 bln raised on BEAC's debt market

Cameroon : XAF20 bln raised on BEAC's debt market
  • Comments   -   Friday, 06 September 2019 14:38

(Business in Cameroon) - To fund its 2019 budget, Cameroon will raise from the BEAC’s public securities market XAF240 billion.

According to the apex bank, this should be done by issuing mainly fungible treasury bills.

In detail, the country should have raised XAF190 billion through various issuances, between July and September 2019. While maturity period for these bills is 13-52 weeks, the remaining monies, XAF50 billion, will be raised in a single issuance. For the latter, the bills will mature over five years.

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