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Beac: Cameroon prepares to buy back its debt

24/04/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The Cameroonian Public Treasury should launch a debt purchase operation in May 2024 on the public securities market of the Bank of Central African States (Beac).

The objective of the Public Treasury is to allow Cameroon to reserve its cash flow to meet other priority needs in a context of tightening debt conditions. According to the information, the envelope of shares to be issued for this repurchase will be between 150 and 200 billion FCFA. Through this operation, Cameroon intends to extend the repayment deadlines of certain bond securities issued on the same market a few years ago, and whose repayment deadlines are close. The success of such an operation will allow the country to reserve its cash flow to meet other priority needs.

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