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Yaoundé - 19 October 2019 -
Finance

Cameroon: Sept 18, 2019’s operation oversubscribed with average interest rate dropping to 2.2%

Cameroon: Sept 18, 2019’s operation oversubscribed with average interest rate dropping to 2.2%
  • Comments   -   Friday, 20 September 2019 16:42

(Business in Cameroon) - On September 18, 2019, Cameroon once again successfully raised XAF10 billion on BEAC’s debt market. According to the release published after the operation by the country’s General Directorate of the Treasury, the average interest rate is 2.2%. In addition, the operation was subscribed at 272%.

Let’s note that the average interest rate recorded during this operation is the lowest for Cameroon’s operations since 2011. In late 2015, this rate rose to 3.9%  because of competition in that market at the time.

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