Cameroon to carry out new Treasury bond of 7 billion

The Treasury of the Republic of Cameroon will proceed on Wednesday 24 August 2016, with the issuance, through auction, of fungible Treasury bonds with a value of FCfa 7 billion.

These Treasury bonds of 52 weeks will carry commitment interest on the nominal value of FCfa 1 million. The subscription will be done through banks and financial establishments in the Communauté économique et monétaire de l’Afrique centrale (Cemac) approved as primary dealers by the Minister in charge of Finance. The results will be announced on Thursday 25 August.

Individuals or companies desirous of acquiring these stocks must get in touch with 16 banks among which are Afriland First Bank, Banque Internationale du Cameroun pour l’épargne et le credit (BICEC), Banque internationale pour le Commerce et l’industrie du Gabon (Bicg), Bgfibank Gabon, Crédit du Congo, Ecobank Cameroun, Société commerciale de Banque Cameroun (Scb), etc.

This new issuance comes after the successful one which took place on 10 August earlier this month. The rate of coverage of the demand was of 293%. Investors offered to the Cameroonian Treasury FCfa 20.5 billion from the FCfa 7 billion requested.