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Yaoundé - 22 February 2020 -
Finance

Cameroon to raise XAF30 bln with 13-week bonds on Jul 10, 2019

Cameroon to raise XAF30 bln with 13-week bonds on Jul 10, 2019
  • Comments   -   Tuesday, 09 July 2019 12:11

(Business in Cameroon) - On July 10, 2019, Cameroon’s public treasury will issue 13-weeks fungible bonds on the BEAC market.

This operation is aimed at raising XAF30 billion, the ministry of finance indicates.

According to Sylvester Moh, general director of treasury at the said ministry department, in Q3, 2019, Cameroon will raise XAF100 billion on BEAC’s market. This is about one-fourth of the XAF350 billion authorized for 2019.

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