(Business in Cameroon) - Official sources revealed that Cameroon will, once again, turn to the security market of the BEAC to raise CFA10 billion on November 15, 2017. The country will raise this money by issuing fungible treasuring bonds with a maturity period of 13 weeks.

Alamine Ousmane May, the minister of Finance, said that investors interested in this issuance can contact one of the 16 primary dealers accredited by Cameroon for its operation on the market of CEMAC.

This is the first time Cameroon will raise over CFA7 billion through a bond issuance since the beginning of this year but, in view of its success in this market since 2011, the country can be optimistic about the operation. However, the big unknown factor is the interest rate investors will request.

As a matter of fact, investors now request interest rates which turn around 4% against a maximum of 2% to 2.5% they used to request in the past 6 years. This results from the fact that the other countries of CEMAC are also trying to raise money on the security market of this community because of the drop in the price of crude which is one of their main revenue sources.

BRM