Cameroon investors wooed by bonds from Gabon

Cameroonian investors are currently wooed by the State of Gabon for the achievement of its bond on the BEAC market with a value of 50 billion CFA FRANCS.

The Directorate General of the Treasury of the Cameroonian Ministry of finance, who made this revelation, argues that "Cameroonian investors show a remarkable enthusiasm for the market of Government securities by the BEAC since the launch of the bonds in this financial institution".

"85% of subscriptions for securities issued by States of CEMAC in BEAC market, are towards Cameroon investors, countries representing more than 40% of the industrial fabric of this community space", revealed a source.

Furthermore, the Gabonese State is aware that on the 12 banks that it has approved as specialists in value of Treasury (SVT), six are banks in Cameroon namely: Afriland, Ecobank, SCB, UBA, Standard Chartered and UBC. One remembers that last June, the details of the Gabonese bond had been presented to Cameroonian investors during an economic mission of Gabon.

Gabon plans to perform two shows of Treasury bonds on the BEAC market in this year 2014 for a total amount of 50 billion CFA FRANCS. The first operation, is scheduled on September 24, 2014, in two weeks.

Two issues of bonds were authorized by a Finance Act amendment, the Gabonese Parliament adopted in July by 2014. Money collected during this bond would be devoted to the financing of road projects contained in the national blueprint for the country's infrastructure (SDNI).