Cameroon: Subscription for the 5th bond issue ends today November 9

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Cameroon: Subscription for the 5th bond issue ends today November 9

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- Friday, 09 November 2018 16:41

(Business in Cameroon) - Investors have until today 9 November 2018 to subscribe to the 2018-2023 Cameroon government bond issue, amounting to CFA150 billion. Subscriptions for this fundraising operation launched on the Douala Stock Exchange, DSX, began since 29 October 2018.

The money, which will be remunerated at an annual interest rate of 5.6%, will be used to finance some 40 projects in the country, most of which are related to the organization of the 2019 African Cup of Nations (AFCON).

This 5th fundraising operation, is expected to be successful, just as the previous ones, with banks having guaranteed underwritings for CFA121.5 billion, even before subscription started.

BRM

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