Yaoundé - 27 January 2023 -

BDEAC issued 3rd consecutive bond on Bvmac, seeking CFA78 billion

BDEAC issued 3rd consecutive bond on Bvmac, seeking CFA78 billion
  • Comments   -   Wednesday, 07 December 2022 14:41

(Business in Cameroon) - The Development Bank of Central African States (BDEAC) announced the launch of its third consecutive bond issue on the Douala-based Central African Stock Exchange (Bvmac).

After raising CFA100 billion on this market in 2020 and 2021, BDEAC now seeks CFA78 billion. Interest rate on the new bond issue is 6% with a maturity of 7 years and subscriptions run from December 7 to 21. This remuneration is higher than the 5.45% and 5.6% respectively offered to investors during the 2020 and 2021 loans.

The third loan will allow the bank to close its three-year funding search, which was launched in 2020, on a positive note. Last year, for its 2021 loan, which was finally oversubscribed at CFA115 billion, BDEAC said “the new resources, which constitutes the second phase of a plan to raise CFA300 billion [over the period 2020-2022], should consolidate the Bank's readiness to respond to various calls for funds, within the framework of integrating projects; and support economic recovery by strengthening financing of the private sector”.


The Cameroonian government is continuing its process to extend the special tax on petroleum products to natural gas, despite a request from Gaz du...
For the first time, Cameroon has acquired a pavilion at the Paris International Agricultural Show (SIA). This year, the event will take place from...
The Cameroonian capital is hosting, starting today, a two-day international symposium on the management of companies active in the production and...
The Cameroonian population will soon experience episodes of rolling blackout, which the power utility Eneo blamed in a January 25 statement on the decline...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »