(Business in Cameroon) - Between January and June 2014, the State of Cameroon raised 60 billion FCfa on the public securities market of the Central African States Bank (BEAC), according to figures revealed by the Directorate General of the Treasury to the Ministry of Finance. Meanwhile, 437 million FCFA in interest has been paid-out to investors.

In the course of speaking about a mid-point assessment of these government securities issuances, Léonard Kobou, the head of the Treasury division of this ministerial department, noted that, following these operations, the Cameroonian Treasury “had an average subscription rate of 307%.” He went on to explain that this means that “[they] received three subscriptions amounting to three times the demand.”

This development in Cameroonian government securities enabled the reduction in the investors’ remuneration rate, for which the rate had climbed from 1.38% in the first quarter compared to 2.3% in the second quarter. In total, the Cameroonian government intends to raise 280 billion FCFA on the capitals market for the 2014 fiscal year.