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Yaoundé - 28 May 2022 -
Finance

Cameroon pays CFA1.7bn in interest on a 10-year loan on the Beac securities market

Cameroon pays CFA1.7bn in interest on a 10-year loan on the Beac securities market
  • Comments   -   Tuesday, 10 May 2022 15:36

(Business in Cameroon) - Yesterday May 9, Cameroon paid CFA1.750 billion in interest on the Beac public securities market. This interest payment is related to a 10-year fungible Treasury Bond (OTA) issued in May 2020, according to Beac's market operations dashboard for the week of May 9-13, 2022. The operation carried an annual interest rate of 7%.

As a reminder, on May 2, 2022, alone, the Cameroonian Treasury made simultaneous repayments on this same market for a total amount of more than CFA36 billion. This move strengthens the country’s creditworthiness.  

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