Yaoundé - 26 September 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”.


Cameroon is holding today the constituent general meeting of Kikot Hydro Power Company (KHPC), the joint-venture created in collaboration with its project...
With an installed capacity of 30.6 MW, Cameroon has joined South Africa, Egypt, Morocco, Algeria, Senegal, Namibia, Tunisia, and Uganda on the list of...
Agnès Ndoumbé Mandeng, the current CEO of the Cameroonian Bank for SMEs (BC-PME) is condemned to stay out of the banking and microfinance sector for 10...
Charles Booto à Ngon, head of the Standards and Quality Agency (Anor), issued a memo on September 19 reminding bakers of the ban on using potassium...

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 »