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Cameroon – Public management: Cameroonian Treasury again on the BEAC market, to raise FCfa 7 billion

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Written by Deckson N.

The Cameroonian Public Treasury will send, on 21 September 2016, its 16 primary dealers on the public stock market of the Central African States Bank (BEAC), to attempt to raise a global sum on FCfa 7 billion, we learned from an official communiqué.

This new fundraising operation will be carried out, we learn, through the issuance of fungible treasury bonds (BTA in French), with a maturity of 13 weeks, whose expiry is set for 23 December 2016.

Cameroon is moving into this battle alongside Equatorial Guinea and the Republic of Chad, who will each try to raise FCfa 10 billion on 21 September, to curb their temporary treasury problems, resulting from the drop in world prices for oil.

Via BIC

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Deckson N.