Cameroon to mobilize FCFA 7 bln on securities market

The Cameroonian Public Treasury process, on February 10, 2016, issued treasury bonds (BTA) with a maturity of 26 weeks over the government securities market at the Bank of Central African States (BEAC).

This was to finance the state cash deficit.

The operation aims to mobilize a budget of 7 billion FCFA; we learned in an official statement.

This is the third of such operation performed by Cameroon on the Community market since the beginning of the year 2016. A second issue of securities for the same amount is planned for February.24

As a reminder, according to the provisional calendar for government operations of Cameroon on the BEAC market in 2016, it is planned to raise between 52 and 57 billion CFA francs in this market in the first quarter current.