(Business in Cameroon) - Representatives of the bond holders’ association (an association of 2010-2015 bond subscribers) are now at ease. They are slated to receive their loan reimbursement for the sum of 55.6 billion FCFA on December 29, 2014 as planned.
Indeed, in a press release published by the heads of the bond group “the sums corresponding to the payment of this 4th exercise (3rd tranche of capital plus interest)” for the 200 billion FCFA loan “Ecmr 5.60% net 2010-2015”, “regularly wired” to the Central Bank account opened for this purpose.
The release goes on to add that, in late September 2014, the Cameroonian government had already wired 41.7 billion FCFA to the BEAC account. This amounts to a monthly payment of 4.633 billion FCFA. It is now up to the Treasury Department to complete the available amount with the payments for the 3rd quarter.