Cameroon to issue first 2014 Treasury bonds on August 6

The Cameroonian public Treasury will proceed, August 6, 2014, in sending, to the market public securities of the Bank of Central Africa States (BEAC), obligations of comparable Treasury (OTA) amounting to between 5 and 10 billion Cfa francs, says a release issued by the Central Bank of the six States of CEMAC.

This will be the first operation of the Cameroonian State in long-term government securities, on behalf of the fiscal year 2014, on the 180 billion Cfa francs authorised by the Finance Act.

A period of maturity of 2 years, the issuance of these OTA will be officially announced to the public investors July 31.

In detail, in this month of July, 20 billion Cfa francs will be solicited, successive issuances of Treasury Bonds (BTA) for a term of maturity of 52 and 26 weeks, respectively 9 and 30 of the current month.

On 13 August and 3 September, Cameroonian public Treasury will rebounds in the collision, to try to raise additional Cfa francs of 20 billion, through OLT of 13 and 26 weeks of maturity.

As a reminder, 280 billion Cfa francs will have to be waived on the BEAC capital market this year, according to forecasts by the Finance law of the 2014 of Cameroon, including 100 billion Cfa francs by issuance of BTA.