Treasury raises 7 billion again on BEAC stock market

Through this new fungible bond issuance (BTA in French) of a maturity of 26 weeks, carried out on 19 October 2016, the Cameroonian Treasury again successfully raised FCfa 7 billion on the Central African States Bank (BEAC) stock market, we learned in an official communiqué.

We can however note that this new operation did not really rouse the interest of investors as previously done, as the coverage rate peaked at only 142% (against 300 to 400% in the past). Concurrently, only five SVT (Treasury bond dealers) out of the 16 approved by the Cameroonian State took part in the operation.

As a reminder, all the operations carried out by the Cameroonian State on the financial market in 2016 would come up to FCfa 370 billion in total. Out of this amount, FCfa 210 billion were raised through BTA issuance on BEAC’s public stock market. The remainder was the subject of a recent bond loan at the end of which the State of Cameroon was finally able to collect FCfa 165 billion on the Douala Stock Market.