Cameroon: the government will launch a new bond of 150 billion FCFA

DSC00268-1383133798The Cameroonian government will launch a new bond of 150 billion FCFA in 2015. On the overall budget of 375 billion FCFA that the Cameroonian Treasury will attempt to mobilize in 2015 on the capital market, through the successive issues of government securities, appears a new bond in the total amount of 150 billion FCFA.

According to the indicatives of public securities issues, the State of Cameroon has just transmitted to the Treasury Branch of the Bank of Central African States (BEAC), this bond issued, which will certainly be put on stock exchange in Douala (DSX), which will be launched in June, 2015.

Along with this new public offering, which will be the fourth in the history of Cameroonian Treasury, after those of 2010, 2013 and 2014, the Cameroonian government will also try a new offer in June 2015, to raise another 10 billion FCFA by tender on the government securities market by the central bank, through an issue this time Assimilated Treasury Bonds. In June 2015, the Cameroonian government will issue through debt and long term, to 160 billion CFA francs in total.

Since the launch of the new budget financing mechanisms of the State of Cameroon with the bond issue in December 2010, the Treasury wins a success on the national capital market and at the sub regional levels. To date, all loans by public offering were oversubscribed, the peak was reached in 2013, with an over-allotment of 30 billion FCFA francs on the requested of 50 billion FCFA.

Note that in 2014, subscriptions to the Cameroonian government securities have increased.

About Khalid Al Mouahidi 4375 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network