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Cameroon issues CFA5 billion treasury bills on (BEAC)'s stock market

On January 17, 2018, Cameroon’s public treasury has issued CFA5 billion fungible treasury bills, with a 26-weeks maturity period, on the security market of Bank of Central African States (BEAC). This was revealed by an official statement of Alamine Ousmane Mey, the minister of finance.


For this operation, sixteen banks, accredited as primary dealers in CEMAC, were in the starting-block to help Cameroon raise the money.

On this market, Cameroon’s treasury bills compete with Gabonese securities. Indeed the same day, Gabon launched an operation aimed at raising CFA8.5 billion after the one initiated on January 3, 2018.

BRM

Concord Newsdesk

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Cameroon Concord  is an online publication covering and reporting on  local and world news, sports, entertainment, politics, business, and religious news. Serving Cameroonians .

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