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CEMAC countries raise XAF391bln on Beac securities market, XAF40bln higher than expectations

CEMAC countries raise XAF391bln on Beac securities market, XAF40bln higher than expectations
  • Comments   -   Thursday, 28 March 2019 13:41

(Business in Cameroon) - Cemac States succeeded in mobilizing a total of XAF391 billion on the Beac securities market, in the second quarter of 2018, an official report said.

Monies far exceed the XAF351 billion initially forecasted to be raised, reflecting strong cash-flow needs facing treasuries in the Cemac countries. The most performing country in this operation is Gabon which raised XAF163.5 billion over the period, against XAF80.7 billion for Chad and XAF69 billion for Cameroon.

Of the money mobilized in Q2 2018 by all six countries, about XAF363.1 billion was collected through treasury bills (BTAs), which are short-term debt securities on which interest is discounted, while only XAF31.5 billion came from fungible treasury bonds (OTAs), which are long-term securities.

BRM

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