(Business in Cameroon) - Cameroonian treasury plans to repay a total of XAF129 billion to investors on the Central African States Bank's (BEAC) securities market, throughout this year. This was indicated in the operation timetable the Cameroonian finance ministry addressed to the Beac.
This money to be paid will be drawn from the XAF234 billion Cameroon intends to mobilize in 2019 on the same market, through the issuance of fungible treasury bills (BTAs). Therefore only XFA105 billion will be collected from the money mobilized through the issue of BTAs. Another XAF55 billion will be raised through issues of fungible Treasury bonds (OTA), and XAF100 billion through a new bond issue on the Douala Stock Exchange (DSX).
This makes a total of XAF260 billion, corresponding to the amount the government is authorized to raise by issuing public securities (indicated in the Finance Act), in order to complete its budget envelope for 2019.
Brice R. Mbodiam