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Cameroon raised record XAF136bln in Q1 2019, on Beac securities market

Cameroon raised record XAF136bln in Q1 2019, on Beac securities market
  • Comments   -   Friday, 12 April 2019 14:30

(Business in Cameroon) - Cameroonian Treasury mobilized a total of XAF136 billion during the first quarter this year on the Beac securities market. According to authorized sources at the finance department, this amount is a record ever hit by Cameroon since the market opened in 2011.

Further, it translates investors’ interest in Cameroonian government securities, the average subscription rate being 267% according to sources.

As provided in the Finance Act 2019, the treasury should raise a total of XAF260 billion this year.

BRM

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