Cameroon will issue a bond worth 90 billion FCFA

In line with the projected schedule of issues of government bonds, Cameroon will once again seek the securities market of the Bank of Central African States (Beac).

In a press release on Tuesday (October 15th), the parent ministry said that Yaoundé will raise an aggregate amount of CFAF 90 billion in the regional securities market in the fourth quarter of 2019.

First, Cameroon will issue 20 billion treasury bonds assimilable (BTA), a maturity of 26 weeks in the current October. And by assimilable Treasury bonds (OTA) with a maturity of 2 years of an envelope of 40 billion FCFA.

Then, the State will still issue a BTA of 20 billion FCFA, a maturity of 26 weeks, in November.

And finally, in December, the BTA issued will be the same maturity but this time for an amount of 10 billion FCFA.

This represents a total sum of 90 billion FCFA that Cameroon will try to raise on the market of the Beac over the period from October to December.

As a reminder, Cameroon has expressed the wish to raise a global envelope of 240 billion CFA francs on this market during the third quarter of 2019.

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