Cameroon’s fungible bond issuances of May-Jun, 2019 oversubscribed

Finance

Cameroon’s fungible bond issuances of May-Jun, 2019 oversubscribed

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- Monday, 24 June 2019 17:44

(Business in Cameroon) - During the fungible bond issuance operations of May 22, May 29 and June 12, 2019, Cameroon raised XAF174 billion while its target was XAF150 billion.

According to the general directorate of the treasury at the ministry of finance, this success indicates investors’ trust in Cameroonian bonds.

The same source indicates that the surplus will be invested in new public projects. Authorized sources reveal that XAF6 billion could be used to refinance Camair-Co, the public airline company.

BRM

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