(Business in Cameroon) - On August 28, 2019, Cameroon, once again, successfully raised XAF30 billion on the central African region central bank BEAC’s security market.
This fundraising operation was done via the issuance of a 26-week fungible bill. According to official results published on BEAC’s website, the subscription rate was more than 218%. The country received offers amounting to XAF65.5 billion at an interest rate of 2.37%, a little above the usual 2.4-2.5%.
Let’s remind that in Q3, 2019, Cameroon’s public treasury wants to raise XAF240 billion on the BEAC’s security market.