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Yaoundé - 11 December 2019 -
Finance

Cameroon to raise XAF30 bln on Aug 28, 2019

Cameroon to raise XAF30 bln on Aug 28, 2019
  • Comments   -   Tuesday, 27 August 2019 17:57

(Business in Cameroon) - Once again, Cameroon is on the BEAC’s security market to raise XAF30 billion. This fund will be raised via the issuance of 26-weeks fungible bills on August 28, 2019.

The operation is organized just a week after the failure of an attempt to raise XAF50 billion on this market via the issuance of a 5-year fungible bond. Indeed, officially, during the sale-by-auction session of 21 August 2019, investors were interested in buying only XAF14 billion. The country decided to sell XAF10.5 billion of bills.

Let’s note that according to the indicative timetable of Cameroon’s operations on the BEAC’s security market, the country wants to raise XAF240 billion in Q3, 2019.

BRM

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