10 billion were collected Wednesday in the first broadcast. Four other similar operations should follow, in accordance with the planned timetable by the State.
For the period from July to September 2014, the State of Cameroon considers its financing needs between 45 and 50 billion. Firstly, it needs to finance its cash deficit (F 40 billion) and then for a few projects developments (5 to 10 billion FCFA.
As of November 2010 the public Treasury will use government securities (bonds and comparable Treasury bonds) to collect this money.
The first loan operation took place Wednesday on the money market of the Bank of Central African States. The State of Cameroon has collected 10 billion by issuing vouchers of the comparable Treasury (BTA).
Subscribers to these titles whose interests have donated for the purchase will be reimbursed on July 10, 2015, as the titles have a maturity of 52 weeks.
This, in accordance with the due date mentioned in the provisional calendar of the securities issued for this purpose by the Ministry of finance, representing the State of Cameroon in these operations.
According to the same schedule, the State should revisit this same market July 30 next to borrow again with 13 licensed banks, the sum of 10 billion, still in the form of BTA.
On August 6, the State could issue bonds of comparable Treasury (OTA), this time, to finance development projects of which the list is not yet known.
Just as the exact amount of the loan including between 5 and 10 billion. The last two planned successively operations on 13 August and 3 September will include BTA's of 10 billion each.
Government securities are a new funding mechanism of the public Treasury in force since November 2010 in Cameroon. In March 31, 2014, the total amount of securities on the capital market by the State totalled 614,511 billion to 282,511 billion in outstanding.
