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CEMAC: Cameroon, Gabon Seek FCFA 42 Billion On Security Market

On August 12, 2020, Cameroon’s public treasury issued new fungible Treasury bills (T-bills) on the securities market of the Bank of Central African States (BEAC), the central bank of the six CEMAC countries. The said securities will have a 26-week maturity period and are aimed at raising FCFA 30 billion for Cameroon. This is the second fundraising operation the country is organizing on the money market within a week. On August 5, the country successfully raised FCFA 15 billion by issuing 52-week bills on the BEAC market. As was the case during the August 5 operation, on August 12, Cameroon will be on the market at the same time as Gabon that seeks to raise FCFA 12 billion via issuance of 26-week bills. This means that the two countries, which are the leading issuers in that market since its creation in 2011, seek to raise a total of FCFA 42 billion.

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