Cameroon: Second bond issuance on BEAC’s market within a week
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Comments - Tuesday, 23 January 2018 17:37
(Business in Cameroon) - On January 24, 2018, Cameroon’s public treasury will once again try to raise fund on BEAC’ssecurity market. This follows the issuance on January 17, 2018, during which the country raised more than 300% of its initial target for a reasonable 3% interest rate.
For this second operation in 2018, Cameroon will try to raise CFA5 billion by issuing fungible treasury bonds; this, to resolve its temporary treasury difficulties.
Let’s remind that according to the 2018 finance law, Cameroon wants to raise only CFA260 billion on BEAC’s security market in the present year against CFA300 billion raised in 2017.
BRM
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