(Business in Cameroon) - The first offering of Cameroonian securities for the 2015 budget period on the Banque des Etats de l’Afrique centrale (BEAC) market achieved a subscription rate of 371% on January 7. This was announced by Finance Minister, Alamine Ousmane Mey.
Indeed, while Cameroon’s Treasury was only seeking 5 billion FCFA through the issuance of Treasury bills with a 52-week maturity, subscribers shelled-out 18.5 billion FCFA at interest rates ranging between 2.25 and 4.5% - a weighted mean rate of 2.5%.