Cameroon’s treasury will try to raise between CFA70-80 billion on BEAC’s stock exchange in the fourth quarter of 2017

Finance

Cameroon’s treasury will try to raise between CFA70-80 billion on BEAC’s stock exchange in the fourth quarter of 2017

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- Monday, 09 October 2017 17:03

(Business in Cameroon) - Between October and December 2017, Cameroon’s public treasury will solicit the security market of the Bank of Central African States (BEAC) to try to raise an amount comprised between CFA70-80 billion, the provisional timetable transmitted to BEAC by Cameroon’s ministry of finance informed.

According to the document, the government plans to issue two fungible Treasury bonds (OTA) of an amount between CFA15-20 billion and CFA20-25 billion in November and December respectively. The maturity period of these bonds is 2 and 3 years respectively.

To this, Cameroon’s government will issue seven treasury bonds that will enable it to raise CFA35 billion or CFA5 billion per treasury bond. The maturity period of these short-term public securities is between 13 and 52 weeks.

BRM

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