(Business in Cameroon) - Treasury of Cameroon announces that the fungible treasury bonds with a 52-weeks maturity which it issued on 24 August for a total of FCfa 7 billion was subscribed with a coverage rate of 251.7%.

Total subscriptions are of FCfa 17.619 billion, far in excess of the FCfa 7 billion which Cameroon wanted to raise on the market of the Central African Economic and Monetary Community (CEMAC) with an interest rate of 2.35%. But in comparison to the bond issuance of 10 August 2016 (coverage of 293%), the submission rate on 24 August is slightly lower. Investors offered to the Cameroonian Treasury FCfa 20.5 billion from FCfa 7 billion requested.

16 banks participated in the bond issuance on 24 August. These include, Afriland First Bank, Banque internationale du Cameroun pour l’épargne et le crédit (BICEC), Banque internationale pour le Commerce et l’industrie du Gabon (BICG), Bgfibank Gabon, Crédit du Congo, Ecobank Cameroun, Société commerciale de Banque Cameroun (SCB), etc.

S.A