General State Treasury announces BEAC bond issue

The Ministry for Finance, the Economy and Planning, through the Equatorial Guinea Public Treasury, is issuing from Wednesday 8th August Treasury Bonds redeemable at 52 weeks.

Bank of Central African States (BEAC) recalled in the notification published that the period would remain open until 9th August 2019, and redemption would be “in fine”. The bonds are intangible in nature, and the issue figure ( in millions of Franco CFA) is equivalent to 15,000, with a nominal unit value ( in Franco CFA) of 1,000,000.

The interest rate will be deducted from the nominal unit value, while the deadline for inscription is Wednesday 8th August up to 9 am. Inscription can be registered in banks and financial centres of the Economic and Monetary Community of Central Africa (CEMAC) which are authorised as “Specialists in Treasury bonds” by the Ministry for Finance and Budgets in the Republic of Equatorial Guinea.

The communique indicates that the date for announcing the results will also be revealed on Wednesday 8th, up to 3 pm, and the date for payment is Friday 10th August 2019 up to 3pm, with the valuation date set at Friday 10th August 2019.

Furthermore, those physical or legal persons who are interested in purchasing the bonds are recommended to go to the authorised financial centres.

Source: Equatorial Guinea Press and Information Office

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