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Cameroon : Issue of Treasury Bonds worth 10 billion FCFA

According to our sources, the Ministry of Finance is issuing on October 10, 2018, by way of tender of Assimilable Treasury Bonds (BTA) on the CEMAC market.
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01/14/2019 - 16:59
Mike Biya
Rédacteur cameroun-online

The State of Cameroon has resolved to issue Treasury Bonds for an amount of 10 billion FCFA in the Economic and Monetary Community of Central Africa. It is a dematerialized securities transaction with a unit nominal value of one million FCFA. It should take place with sixteen specialists in treasury securities of Cameroon, Chad, CAR, Gabon, Equatorial Guinea and Congo.

The assimilation of the Treasury Bonds consists in attaching a new issue to a previously issued Treasury Bonds program. Cameroon does not doubt for a moment the enthusiasm of subscribers of securities. Note that a bid rate of 378% was achieved on June 20, 2018. This rate concerns an issuance of Assimilable Treasury Bonds worth 7 billion FCFA. Another operation conducted on October 3 led to a bid rate of 155%.

Based on the 2018 finance law, the State of Cameroon has the possibility of aligning concessional and non-concessional loans with global amounts of 245 and 436 billion FCFA. These loans can be used to finance development projects. Operations must prioritize the safeguarding of Cameroon's interests. It is also a question of guaranteeing the political and economic sovereignty of the country.