Cameroon to raise CFA7bn on BEAC market

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Cameroon to raise CFA7bn on BEAC market

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- Wednesday, 19 September 2018 14:16

(Business in Cameroon) - Today September 19, the Cameroonian treasury is issuing new public securities, at the headquarters of the Bank of Central African States (BEAC) in Yaoundé, to mobilize up to CFA7 billion. According to a government statement, the operation will be conducted through treasury bills (BTAs) maturing in 52 weeks.

Let’s note that the once main borrower on this financial market, has recently been outperformed by Gabon. The latter was the largest bond issuer between May 2017 and May 2018, according to statistics from BEAC.

BRM

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