Govt seeks another 10b FCFA on the BEAC market

Cameroon Public Treasury will issue, September 3, 2014, Treasury bonds amounting to 10 billion CFA francs in the market for Public Titles of the Bank of Central African States (BEAC), announced in a statement by the Minister Delegate to the Minister of Finance, Pierre Titti.

These debt instruments of short term maturity will last 26 weeks. Subscriptions operations are conducted with 13 experts in value of the Treasury approved by the State of Cameroon in the CEMAC zone.

This is theoretically the last operation of Cameroon in the market for Public Titles on behalf of third quarter 2014.

It was a total of 50 billion CFA francs, which were mobilized on this market for the past three months, including 10 billion CFA francs by issuing Treasury bonds at 2 years of age.

Since the beginning of 2014, the Cameroon government is faultless on the BEAC market, and is working towards achieving its fiscal targets to mobilize 100 billion CFA francs this year, subsequent issuance of Treasury bills.

After 10 billion collected last August by issuing bonds, a bond of 170 billion CFA francs is still expected before the end of the current fiscal period.