(Business in Cameroon) - Representation of the mass of bond investors, stakeholders in the FCFA 50 billion public offering launched by the Cameroonian State in 2013 under the name "ECMR 5.9% net 2013 – 2018”, is content.

It confirms that, in accordance with account history “Special deposit account – amortisation of the state bond loan, ECMR 5.9% net 2013 – 2018” opened in the books of the national office of the Bank of Central African States (BEAC), amounts corresponding to the payment of the third term scheduled for 27 December 2016, being a monthly provision of FCFA 1,961,666,667, have been regularly credited to said account, from January to June 2016. This account as at 30 June 2016 has a credit balance of FCFA 11,770,000,002.

The public offering of the Cameroonian Treasury “ECMR 5.9% net 2013-2018” whose interest rate is at 5.9% is intended to finance development projects in the country. FCFA 23 billion have been allocated to the construction of the hydro-electric dam of Memve'ele  (201 megawatts). FCFA 18 billion are going to the sector of public works. In the port domain, FCFA 9 billion are budgeted for the Kribi industrial port complex.

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