Cameroon to raise CFA10bn on the BEAC market, tomorrow October 10

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Cameroon to raise CFA10bn on the BEAC market, tomorrow October 10

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- Tuesday, 09 October 2018 16:47

(Business in Cameroon) - The Cameroonian government will issue a new security on the Beac market tomorrow October 10 to mobilize CFA10 billion, the finance ministry announced.

The operation will be carried out by issuing treasury bills (BTAs) with a 13-week maturity period, due on 11 January 2019. Let’s recall that Cameroon, which has been the main borrower on the market since 2011 is now outperformed by Gabon.

BRM

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