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Cameroon targets CFA200bn with 8th Bond issue

Cameroon targets CFA200bn with 8th Bond issue
  • Comments   -   Friday, 16 February 2024 15:49

(Business in Cameroon) - The Government of Cameroon is gearing up to launch its eighth bond issue in April 2024, aiming to raise CFA200 billion through the Central African Securities Exchange (Bvmac). This announcement was made by the Minister of Finance, Louis Paul Motazé, at the ceremony to present the State's financing plan for fiscal year 2024, held on February 15 in Douala.

This forthcoming bond issue, a significant move in the history of Cameroon's public finance, seeks to generate funds for infrastructure projects across the nation. Detailed information about these projects and their budget allocations will be disclosed in the information note, a regulatory requirement for public calls for savings.

The last similar operation in Cameroon took place in 2023. Initially set at CFA200 billion, the amount was later adjusted to CFA150 billion due to challenging market conditions. Despite these circumstances, Cameroon successfully experimented with a multiple-rate loan for the first time in the CEMAC zone, ultimately securing CFA176.7 billion after the market regulator allowed for over-allocation.

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