Cameroon issues CFA5 billion fungible treasury bills on BEAC stock market

Finance

Cameroon issues CFA5 billion fungible treasury bills on BEAC stock market

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- Thursday, 18 January 2018 15:57

(Business in Cameroon) - On January 17, 2018, Cameroon’s public treasury has issued CFA5 billion fungible treasury bills, with a 26-weeks maturity period, on the security market of Bank of Central African States (BEAC). This was revealed by an official statement of Alamine Ousmane Mey, the minister of finance.

For this operation, sixteen banks, accredited as primary dealers in CEMAC, were in the starting-block to help Cameroon raise the money.

On this market, Cameroon’s treasury bills compete with Gabonese securities. Indeed the same day, Gabon launched an operation aimed at raising CFA8.5 billion after the one initiated on January 3, 2018.

BRM

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