The Cameroonian Public Treasury will proceed, on 14 June 2017, with a new issuance of public securities on the market of the Bank of Central African States (BEAC), the issuing institution for the six member-States in the Central African Economic and Monetary Community, we officially learned.
This new issuance of Treasury bonds with a maturity of 26 weeks will be for a total of FCfa 5 billion, and is the last but one attempt to raise funds on this market in the 2nd quarter of 2017. The last operation, based on the official timetable sent to BEAC by the Ministry of Finance, will take place on 28 June, and the Cameroonian Public Treasury will once again attempt to raise FCfa 5 billion.
Incidentally, though the government has until now followed the timetable of operations on the BEAC market, where Treasury bonds – which are short term securities – are concerned; we must note that it abstained since the beginning of the year from issuing Treasury obligations (long term securities) as planned in the timetable provided to the Central Bank.
Indeed, the two operations planned in this category of securities for the 2nd quarter of 2017 were not carried out. They were scheduled to take place on 3 May (FCfa 5-10 billion) and 7 June 2017 (FCfa 10-15 billion), with respective maturity of 2 and 3 years.
With businessincameroon
