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Yaoundé - 23 September 2019 -
Finance

Cameroon to raise XAF240 bln in BEAC’s debt market in Q3, 2019

Cameroon to raise XAF240 bln in BEAC’s debt market in Q3, 2019
  • Comments   -   Friday, 23 August 2019 15:50

(Business in Cameroon) - Cameroon expects to raise XAF240 billion on the central bank of the Central African region BEAC’s public securities market to fund this year’s budget.

According to the indicative timetable of Cameroon’s operations published by the BEAC, these funds will be mainly raised via the issuance of Fungible Treasury Bills.

In detail, between July and September 2019, the country will issue XAF190 billion of fungible Treasury bills whose maturity period is comprised between 13 and 52 weeks. Only one operation to raise XAF50 billion with 5-year maturity bills will be launched.

Brice R. Mbodiam

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