Yaoundé - 21 October 2016 -

Local and Equato-Guinean investors superstars of the FCfa 150 billion bond loan issued by Cameroonian State

Local and Equato-Guinean investors superstars of the FCfa 150 billion bond loan issued by Cameroonian State
  • Comments   -   Wednesday, 19 October 2016 19:41

(Business in Cameroon) - Out of the 647 subscribers who took part in the successful bond loan issued by the State of Cameroon, by finally raising FCfa 165 billion instead of the 150 initially requested, 638 are based in Cameroon. Which represents over 95% of the registered subscribers, we officially learned.

Moreover, the geographic distribution of the subscribers to Cameroon’s “ECMR 5.5% net 2016-2021” reveals that two subscriptions came from the Republic of Congo and one from Gabon. Ditto for Côte d’Ivoire, France, Japan, United States, Ethiopia and Equatorial Guinea. With the particularity that the only Equato-Guinean investor injected FCfa 8 billion in this operation, according to the official details.

Through this latest bond loan, and despite the feat of the above-mentioned Equato-Guinean investor, Cameroon, who claims 40% of the industrial base in the CEMAC zone, thus confirms its status as the main financial centre in this community which gathers six States (Cameroon, Congo, Gabon, Equatorial Guinea, Central African Republic and Chad).

From this point of view, we can recall that in December 2013, the “State of Chad 6% 2013-2018” bond loan had been subscribed by Cameroonian investors with FCfa 58.3 billion, which represents close to 70% of the FCfa 85 billion sought by Idriss Deby’s country. In 2011, the first bond loan of the Chadian State, of FCfa 100 billion, had also been subscribed at over 50% by Cameroonian investors.

At the same time, as the authorised sources at the management of the Treasury in the Cameroonian Ministry of Finance highlight, 85% of subscription to public stock issued by the CEMAC States on the central bank market (BEAC), are done by institutions and economic operators from Cameroon.

Brice R. Mbodiam

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