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Cameroon to raise XAF20 billion in BEAC’s financial market on Jun 19, 2019

Cameroon to raise XAF20 billion in BEAC’s financial market on Jun 19, 2019
  • Comments   -   Monday, 17 June 2019 15:53

(Business in Cameroon) - On June 19, 2019, Cameroon’s public treasury will issue new 13-week treasury bills in BEAC’s financial market to raise XAF20 billion.  

This new operation is being launched a week after a series of three bond operations aimed at raising XAF150 billion. According to the finance ministry, the country had already raised XAF121 billion after the second operation.

This year, in terms of fundraising in capital markets, the country may largely exceed the XAF260 billion planned in the 2019 finance act. It is worth noting that this act, passed in November 2018, was amended following a decree signed by the president on May 29, 2019.

Based on the success in various financial markets during bond issuances, the funds to be raised was increased by XAF361 billion in the amended act.  

BRM

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