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Cameroon seeks another XAF10bln on Beac securities market, on April 10

Cameroon seeks another XAF10bln on Beac securities market, on April 10
  • Comments   -   Monday, 08 April 2019 13:51

(Business in Cameroon) - The Cameroonian Treasury is seeking another XAF10 billion on the securities market of the Bank of central African Countries (Beac). According to an official finance ministry statement, monies will be raised April 10 through the issue of a 26-week treasury bills (BTAs).

These short-term securities are, along the 13-week bills, the most sought after on the market compared to the fungible treasury bonds (OTAs) which are mid- and long-term securities.

This preference of investors for BTAs can be explained by the preponderance of demand deposits in Cemac banks which are the main fund providers on this public securities market; with 99% of the financing made available to States, according to the Supervisory Board of the BEAC Securities Settlement and Custody Unit (CRCT).

BRM

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