Cameroon issues CFAF6 billion in government securities

Nov 14, 2014

The government of Cameroon has issued a CFAF6 billion (€9.1 million) bond on the market of the Bank of Central African States (BEAC).

The government of Cameroon has issued a CFAF6 billion (€9.1 million) bond on the market of the Bank of Central African States (BEAC).

Six thousand Treasury bonds with a par value of one million CFA francs have been submitted. Subscriptions are open to the 13 banks operating in Cameroon, Cameroon Tribune reports.

Cameroon's previous bond issue in December 2013 was launched on the domestic financial market to raise Cfaf50 billion (€76.2 million).

The country
issued a total of Cfaf250 billion (€381.1 million) worth of bonds on the market of the Central Bank of CEMAC States (BEAC) in 2013.

It is hoped the bond debt will contribute to financing large investment programmes, such as port or energy infrastructure projects.

The objective is also to diversify financing sources for the national economy through the financial markets.ADNFCR-2976-ID-801760167-ADNFCR