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Yaoundé - 20 February 2020 -
Public management

Cameroon to mobilize XAF50-100bln on the Beac securities market

Cameroon to mobilize XAF50-100bln on the Beac securities market
  • Comments   -   Thursday, 06 June 2019 16:33

(Business in Cameroon) - On 5 June 2019, the Cameroonian government issued 5-year fungible treasury bonds (OTAs) to mobilize between XAF50 and 100 billion on the securities market of the Beac, with an interest rate of 5.6%.

This fundraising operation is part of a series of three, launched on 15 May 2019, to mobilize a total of XAF150 billion on the market. According to an information note issued by the Ministry of Finance, these funds will be used to carry out certain infrastructure projects in the country. The most important of these projects is the construction of the Yaoundé-Nsimalen motorway, which will cost XAF25 billion.

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