Yaoundé - 18 October 2019 -

Cameroon praises investors’ trust and attraction to its bonds in 2018

Cameroon praises investors’ trust and attraction to its bonds in 2018
  • Comments   -   Tuesday, 18 June 2019 12:16

(Business in Cameroon) - In 2018, Cameroon issued XAF302 billion in Treasury securities, a budget execution report indicates. Compared with the XAF260 billion planned in the budget, this represents a 116.2% achievement rate.

As far as treasury bills are concerned, the value of the issuance is XAF102 billion and XAF185 billion for refunds. In 2017, the net value of treasury bills issued was XAF85 billion, a performance which is 20.0% below the 2018 figure.

Bonds issuances were launched around the end of the fiscal year. The amount raised is XAF204.3 billion (XAF54.3 billion above the target) at a net interest rate of 5.6%. These bonds have a maturity period of five years, with quarterly payments after a year delay.

According to the finance ministry, which published the budget execution report, the over-subscription for Cameroon’s bond issuance is proof that these bonds are attractive and trusted by investors.

Sylvain Andzongo

Between August 4, 2016, and August 4, 2019, under the economic partnership agreement with the European Union, there were four main suppliers for products...
While the lot 4 (44.9-km Yoko-Lena section) of the Nationale n° 15 Batchenga (Centre)-Ntui-Yoko-Lena-Tibati (Adamaoua) has been completed already,...
At the end of the ordinary meeting of the Central African Monetary Union (UMAC)’s ministerial council, in Yaoundé, on October 2, 2019, CEMAC authorities...
Cameroon Civil Aviation Authority (CCAA) recently published the winter 2019/2020 flying schedule of carriers operating in Cameroon. For the winter, which...

Mags frontpage

Business in Cameroon n80: October 2019

Agribusiness: Brazil ready to show Cameroon the way to higher spheres

Reviewing the state of things in the North and Far North

Investir au Cameroun n90: Octobre 2019

Le coût faramineux de la « crise anglophone »

Décollage réussi pour la Transahélienne de Camair-Co