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Yaoundé - 26 June 2022 -
Finance

Public securities market: Cameroon to repay CFA34 billion in one week

Public securities market: Cameroon to repay CFA34 billion in one week
  • Comments   -   Tuesday, 29 March 2022 18:32

(Business in Cameroon) - The Cameroonian government will repay CFA20 billion of debt on the Beac's public securities market on April 1. According to a statement published by the central bank, the loan was contracted 26 weeks earlier, through an issue of fungible Treasury bills (BTA).

This is the second debt that Cameroon will repay on this market in a week, after the 14 billion CFA francs repaid on March 25. Overall, the country will repay CFA34 billion in one week.

The Beac statement also mentioned that Cameroon made an interest payment of CFA2.2 billion last March 28, following the issue of 5-year Fungible Treasury bonds (OTA) in March 2021. In addition to the upcoming repayment, this will make a total of CFA36.2 billion in one week.

As a reminder, according to data from the Ministry of Finance, Cameroon has repaid more than CFA3 trillion in loans on the Beac's public securities market since 2011, without a single default. This makes the country creditworthy and a credible partner for investors in this market.

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