Cameroon to issue up to 55 bln CFA francs in bonds in Q2

Reuters

YAOUNDE (Reuters) - Cameroon will issue up to 55 billion CFA francs ($92 million) in treasury bonds in the second quarter of 2015, state radio quoted on Monday the finance ministry as saying. The central African state said earlier this year it planned to issue nearly three times as much debt this year as in 2014 amid a shortfall in oil revenues due to slumping global crude prices. The ministry said treasury bonds would be issued on April 30 and May 28 with maturity periods of two and three years respectively. Cameroon issued bonds in the first quarter with a maximum maturity period of one year. ($1 = 596.8700 CFA francs)