Yaoundé - 14 July 2020 -

Cameroon returns on the money market to raise XAF35 bln

Cameroon returns on the money market to raise XAF35 bln
  • Comments   -   Wednesday, 27 May 2020 16:03

(Business in Cameroon) - Today May 27, the Cameroonian Public Treasury is scheduled to issue a 5-year T-bond on the public securities market of the Bank of Central African States (Beac).

According to the official communique published in that regard, these bonds are backed by a 5.7% interest rate.

Sources within the General Treasury Directorate at the Ministry of Finance specify that this is, in fact, a matching contribution, i.e. an extension of the operation carried out on the same market on 8 April 2020.

The objective of this extension of subscriptions is to mobilize an additional envelope of between XAF20 and 35 billion.

According to the provisional calendar of Cameroonian government’s operations on the money market for Q2-2020, a second T-bond (7 years, backed by 6.5% interest rate) should have been issued today. However, authorized sources explain that this operation has been postponed for strategic reasons.

As a reminder, the two operations mentioned above aim at completing the XAF166.7 billion already secured on this market, thanks to the T-bond operations carried out on 8, 15, 29 April and 6 May 2020. The Cameroonian government intends to raise XAF220 billion for infrastructure projects thanks to these operations, started in April 2020.

Brice R. Mbodiam

CEMAC countries raised CFAF262.3 billion on the money market in March 2020, according to the monthly statistics bulletin published by the Bank of Central...
On July 10, 2020, Cameroon's Finance Minister, Louis Paul Motaze, stepped down from his position as president of the board of directors of the Development...
The Minister of Posts and Telecommunications, Minette Libom Likeng (photo) informs that to boost the use of the  ".cm" country code top-level domain...
The Development Bank of the Central African States (BDEAC) recently granted CFAF155.05 billion to Cameroon, Congo, Gabon, and Chad, according to an...

Mags frontpage

Business in Cameroon n88: June 2020

Covid 19 Its impacts so far

Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»

Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts

Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »