PUBLIC SECURITIES MARKET : Cameroonian Treasury Clears 72.3 billion Debts

According to official data from the Bank of Central African States (Beac), a total envelope of 72.3 billion FCFA will be paid in OTA (Assimilable Treasury Bonds) and BTA (Assimilable Treasury Bills) between December 11 and 13, 2023 as payment of principal as well as interest generated.

On December 11th, 2.5 billion in interest was paid on two long loans of 2 and 3 years. On the same maturities, the Cameroonian Public Treasury has repaid 25 and 30 billion FCFA respectively. On December 13th, the country settle 15.7 billion Fcfa over a 26-week BTA.

It should be noted that the Cameroonian state monilized almost 50 billion FCFA between December 4th and 8th through two issues of 45 and 15 billion in BTC for 26 and 52 weeks respectively.

This debt settlement on the security market will give greater credibility to Cameroon’s signature on the public securities market. Indeed, for 11 years of intervention, the Cameroonian public treasury has not recorded any payment defaults on the market common to the six Cemac countries (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea).

For each loan made on the market, Beac opens an amortization account in its books. Every 15th of the month, the period of peak tax revenues, it takes an amount from the single Treasury account that it transfers to the depreciation account. At each repayment deadline, it debits the amortization account to credit the account(s) of the investors who subscribed to this loan.

For several years now, the security market has taken on an important dimension in Cemac, as it enables States to raise additional resources essential for financing its expenses.

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