Cameroon targets 45, 55bn CFA on BEAC mkt in 2nd quarter

Cameroonian public Treasury announced programming operations of Government securities on the BEAC market that could oscillate between 45 and 55 billion Cfa francs the 2nd quarter of 2015, revealed a calendar sent to the Bank by the Cameroonian Ministry of Finance.

According to this calendar, Q2 will be marked by the first operations of Treasury (OTA) of maturity durations bond of 2 and 3 years respectively (mobilization of amounts between 5 and 10 billion CFA francs on April 30 and 28 but); the first quarter having devoted solely to the programming of Treasury (BTA), which are rather titles of short-term receivables (maturity more than 52 weeks).

Still in this quarter, the Treasury bills will be more prized by the Directorate General of the Treasury of the Ministry of finance, which has mobilized 35 billion over the period considered, through the issuance of this category of Government securities.

The first operation for the next three months is expected on April 8, 2015. Cameroon will attempt to mobilize 5 billion Cfa francs.