By Achille Mbog Pibasso.
The Equatorial Guinean State, through the auction, raised 15 billion FCFA of assimilable treasury bills (BTA) on the market of the Economic and Monetary Community of Central Africa (CEMAC).
According to the chronogram of activities on the securities market published by the Bank of Central African States (BEAC), this is the second operation of its kind for Equatorial Guinea at the beginning of the year, ie 30 billion FCFA raised within one month by this country. An operation in which ten CEMAC banking institutions acting as Securities Value Specialists (SVT) took part.
With a maturity of 52 weeks, this issue of BTAs with a minimum nominal value (NAV) of 100,000 FCFA recorded the subscription date on January 23, 2019, while the repayment date is scheduled for January 24, 2020.
According to the Ministry of Finance, Economy and Planning, funds mobilized through this auction of public securities are intended to finance development projects listed in the 2019 budget law.
