(Business in Cameroon) - The ministry of finance recently published the indicative timetable of fundraising operations it will conduct on BEAC’s debt market during the fourth quarter of this year.

According to the timetable, the country plans on raising XAF110 billion during the said quarter. In October, it plans to raise XAF60 billion via the issuance of a 26-week fungible bill operation, and a 2-year treasury bonds operation. With the fungible bills, the country expects to raise XAF20 billion and plans on raising XAF40 billion with the 2-year treasury bond.

In November, Cameroon will issue 26 weeks fungible treasury bills to raise XAF20 billion, according to the timetable. In December, the country will also issue 26 weeks fungible bills but this time, the amount it will seek is XAF10 billion. Compared with the XAF240 billion the country was planning to raise in Q3, the overall volume it plans to raise in Q4 is down by XAF130 billion.

S.A.