Cameroon to raise XAF20 bln on BEAC’s debt market on Nov 13, 2019

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Cameroon to raise XAF20 bln on BEAC’s debt market on Nov 13, 2019

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- Tuesday, 12 November 2019 17:30

(Business in Cameroon) - On 13 November 2019, the Cameroonian public Treasury will issue 26-weeks fungible Treasury bills on Beac's security market. According to an official statement from the Ministry of Finance, this is aimed at raising XAF20 billion.

This new issuance occurs only one week after the last one. Indeed, on 6 November 2019, Cameroon carried out a similar operation on the same market. The latter was successfully closed and XAF20 billion was raised at an average interest rate of 2.6%. The subscription rate of investors in this operation was 115%, according to the Central Bank of the six CEMAC States.

BRM

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