(Business in Cameroon) - Cameroon and Gabon were present on the government securities market of the Bank of Central African States (BEAC), on 24 May 2017, to raise a total amount of FCfa 14 billion. The fact established at the end of this raising of capital is that, compared to Gabon, Cameroonian Treasury bonds are popular. Because, out of the FCfa 5 billion sought, the country was able to raise FCfa 8 billion. Being a coverage rate of the amount auctioned of 160%. The minimum interest rate is 3.4% and the maximum, 4.1%. On its side, the State of Gabon was looking for FCfa 9 billion. Only, the total amount of submissions was FCfa 3.7 billion. Thus, being a weak coverage ratio of 41.46%. And paradoxically, the minimum interest rate proposed was 5.5% and the maximum, 5.8%.

investiraucameroun.com already noted on 24 May 2017 that, on last 10 May, these two countries of the Economic and Monetary Community of Central Africa (CEMAC) had already met on the BEAC market. And that the favour of subscribers was to the advantage of Cameroon, whose rate of subscription for the offer reached 266%, against 97% for Gabon. The Gabonese Treasury only mobilised a little more than FCfa 6 billion out of the FCfa 8.5 billion solicited, which moreover is, at an interest rate of more than 5%, against 2.9% for Cameroon.

S.A