CMR records over-subscriptions in issuance of Treasury bills

A total of subscriptions amounting to 18.55 billion FCFA, over the sum of 5 billion FCFA announced and served, was recorded on the occasion of the show, by tender, bills of comparable Treasury (BTA) launched Wednesday by Cameroon for 13 banks and financial institutions of the Central African Economic and Monetary Community (CEMAC), noted APA the following day with the competent services of the Ministry of Finance.

With a weighted rate of 2.525% agenda, we note that it is one of the highest rates (371%) of the amount set up for tender bids, recorded in the country, during a public offering. This call for subscriptions is part of a comprehensive programme of operations, an amount of 320 billion FCFA, planned in 2015 calendar.

In the programme, the BTA will represent 125 billion Cfa Francs of the volume, the obligations of related Treasury (OTA) will amount to 100 billion FCFA and the obligations of Treasury (OT) at 150 billion CFA Francs.

In 2014, 280 billion Cfa Francs was mobilized in terms of public securities by Cameroon, against 250 billion CFA Francs in 2013 outside a bond of 180 billion Cfa Francs in June of this year.

Regularly, the country's public offering since November 2011 to finance developmental projects including the average rate of subscription, according to the finance, has sometimes reached the 500% for some operations.