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Cameroon issues another CFA10 billion fungible treasury bond on BEAC

Cameroon issues another CFA10 billion fungible treasury bond on BEAC
  • Comments   -   Friday, 09 March 2018 15:19

(Business in Cameroon) - On March 7, 2018, Cameroon issued a CFA10 billion fungible Treasury bond on the security market of BEAC. This follows the issuance on February 28, 2018, which is the largest ever since the market was launched in 2011. This increase could be attributed to the interest rate required by investors during the last two issuances. Indeed, due to the fall in public revenues within CEMAC, the six member countries have been issuing bonds on the security market.

So, the average interest rate required by investors for Cameroon’s public bonds was about 3.9% instead of the 2.5% it used to be. However, during the previous two issuances in 2018, the rates have been lower. During the operation on February 21, 2018, it was 2.9% and 3% for the one on February 28, 2018. All those two rates are better than the 3.52% required during the operations in late 2017.  

Brice R. Mbodiam

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