CMR to raise 35-40b FCFA on BEAC market in last quarter

For the last quarter of 2014, Cameroon’s Treasury Department is launched its fundraising on the Central African States’ Bank (BEAC) on October 8, 2014, with an issuance of Assimilatable Treasury Bills (ATB) for 26 weeks, totalling 5 billion FCFA. This was made public by the Ministry of Finance in a release.

According to the same source, throughout the 4th quarter of 2014, the Treasury Department will be seeking to raise a total of 35-40 billion FCFA on the BEAC securities market. Indeed, after the 5 billion to be raised on October 8, a new issuance of ATBs for 10 billion scheduled for October 23 and another on November 6 for 5 billion FCFA.

On December 4 and 11, 2014, Cameroon will be returning to the capitals market to raise 10 billion FCFA in two phases. The second issuance of Assimilatable Treasury bonds for the year will be made on this market on November 27, 2014. The amount being sought is between 5 and 10 billion FCFA with a three-year maturity.

According to reliable sources, the Ministry of Finance had chosen SCB Cameroon, the local subsidiary of the Morocco’s Attijariwafa Bank, to arrange a 150 billion FCFA bond loan which will be launched this month.