Cameroon raises XAF121bln in two Fungible Treasury Bonds issues on Beac market

Finance

Cameroon raises XAF121bln in two Fungible Treasury Bonds issues on Beac market

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- Tuesday, 11 June 2019 14:09

(Business in Cameroon) - The Cameroonian Treasury is expecting to mobilize on 12 June 2019, through the issue of 5-year Fungible Treasury Bond (OTAs), XAF50 billion on the Beac securities market, reliable sources announced.

This operation, initially planned for 5 June 2019, but finally postponed because of the Ramadan holiday, aims to complete the XAF150 billion sought by Cameroon since May 2019. According to our sources, the Treasury has already mobilized CFA121 billion at the end of the two previous OTA issues.

The total sum will be used to carry out all the infrastructure projects listed in the information note produced by the Department of Finance. Projects include the Douala-Yaoundé motorway which needs XAF25 billion.

BRM

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