A joint delegation from the Treasury and the Debt Directorate of Gabon visited Douala as part of a campaign to promote public securities in the sub-region. The first stage of this stay, on January 13, enabled the Gabonese delegation to present the annual strategy for treasury securities 2021.
As part of a campaign to promote government securities in the sub-region, a joint delegation from the General Directorate of Public Accountancy and the Treasury, and the General Debt Directorate of Gabon visited Douala. During the first stage of this stay, on January 13, the Gabonese delegation presented the 2021 annual treasury securities strategy.
Treasury securities are bonds, that is, debt securities, issued by the State, through the Public Treasury (hence their name). The buyer of a Treasury bill therefore finds himself a creditor of the state. The annual treasury securities strategy should enable the Gabonese state to mobilize 320 billion CFA francs.
“The delegation mandated by the Gabonese state thus seized the opportunity to provide investors, in particular Treasury Securities Specialists (SVTs) and local institutional investors, with the schedule of securities issues for the current year. This approach, which contributes to strengthening the promotion of government securities on the sub-regional market, allows it to broaden the investor base and guarantee the success of its issues during the year 2021 ”, an official from the Gabonese Treasury administration explained.
Local SVTs included Afriland First Bank, Commercial Bank Cameroon, Ecobank Cameroon, Standard Chartered Bank Cameroon, Union Bank Of Cameroon Limited, Union Bank for Africa Cameroon and Société Commerciale de Banque au Cameroun. In addition to these credit institutions, investors such as Harvest Asset Management have also been added. The Securities Custody and Settlement Unit of the Bank of Central African States (BEAC) was also present at this meeting.
The securities issued by the State relating to Assimilable Treasury Bonds (BTA). With a maturity of 13 weeks, 26 weeks and 52 weeks, these securities will make it possible to mobilize 563 billion CFA francs entirely dedicated to active cash management. In addition, there are the Assimilable Treasury Bonds (OTAs). Worth a total of 320 billion CFA francs, these securities are made up of 2-year OTAs at 4.50% 2021-2023; 3-year OTA at 5.50% 2021-2024; 5-year OTA at 6.50% 2021-2026; 7-year OTA at 7.25% 2021-2028; 10-year OTA at 8.50% 2021-2031.