Cameroon issues new public securities for 5 billion FCFA

The Cameroonian public Treasury has offered Treasury bills amounting to 5 billion FCFA, says an official communiqué of the Minister of Finance, Alamine Ousmane Mey.

The Treasury bills were presented at the headquarters of the Banque des États de l'Afrique Centrale (BEAC) in Yaoundé on August 26, 2015.

These government securities, with a term of maturity of 26 weeks and whose interests are discounted, can be purchased from 13 credit institutions approved by the State of Cameroon as values of the Treasury (SVT) specialists, noted the communiqué of Alamine Ousmane Mey.

As a reminder, a program of Treasury bills at 16 weeks by the State of Cameroon on August 5, 2015 has resulted in a 96% subscription rate. It is one of the worst performances of the Cameroonian public Treasury on the public securities market of BEAC since the beginning of the year, although far from the coverage rate of 500% demand often registered.