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Thursday, January 19, 2012

Cameroon says to issue 20 bln CFA in bonds in Feb

YAOUNDE Jan 19 (Reuters) - Cameroon will issue 20 billion CFA francs ($39 million) worth of treasury bonds in three installments in February, the Finance Ministry said in a press release on Thursday.
The first 10 billion CFA will be issued on Feb. 9, while the remaining 10 billion CFA will be split evenly between sales scheduled for Feb. 16 and Feb. 23, according to the release which gave no further details.
Cameroon issued hundreds of billions of CFA worth of bonds in 2011 aimed at funding a slew of infrastructure projects, including a deep-sea port, hydroelectric dams, water distribution pipelines and road improvements. ($1 = 511.8070 CFA francs) (Reporting by Tansa Musa; Writing by Richard Valdmanis)

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