Business News of Wednesday, 24 August 2016Source: Business in CameroonCameroon to carry out new Treasury bond of 7 billionThe new Treasury bond worth FCfa 7 billionThe Treasury of the Republic of Cameroon will proceed on Wednesday 24 August 2016, with the issuance, through auction, of fungible Treasury bonds with a value of FCfa 7 billion. These Treasury bonds of 52 weeks will carry commitment interest on the nominal value of FCfa 1 million. Individuals or companies desirous of acquiring these stocks must get in touch with 16 banks among which are Afriland First Bank, Banque Internationale du Cameroun pour l’épargne et le credit (BICEC), Banque internationale pour le Commerce et l’industrie du Gabon (Bicg), Bgfibank Gabon, Crédit du Congo, Ecobank Cameroun, Société commerciale de Banque Cameroun (Scb), etc. This new issuance comes after the successful one which took place on 10 August earlier this month. Investors offered to the Cameroonian Treasury FCfa 20.5 billion from the FCfa 7 billion requested.

Source: CameroonWeb August 24, 2016 12:13 UTC