Cameroon to issue 30 billion FCFA of Assimilable Treasury Bills

Cameroon will solicit investors in the financial securities market of the Bank of Central African States (Beac).

In a statement issued on August 26, Cameroon said it will issue, on August 28, by auction, the Assimilable Treasury Bonds of a total amount of 30 billion FCFA.

According to the same source, the maturity period will be 26 weeks (from 28 August to 28 February 2020) with a nominal value of 1,000 FCFA. Interest is deducted from the face value of the vouchers.

Subscriptions will be made to banks and financial institutions of CEMAC from Wednesday, August 28, 2019 before 09:00 (deadline for subscription).

Launched in 2011, the regional public securities market, by auction, is dedicated to the financing of six CEMAC member countries: Cameroon, Central African Republic, Gabon, Equatorial Guinea, Chad and Congo.

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