Cmr raises CFA60b from subscription rate in first semester

Between January and June 2014, the State of Cameroon raised 60 billion Cfa francs on the market of Government securities at BEAC, according to figures revealed by the Directorate General of the Treasury at the Ministry of finance. At the same time, 437 million francs Cfa of interest was paid to investors.

Sketching a mid-term evaluation of these issues of public securities, Léonard Kobou, the Chief of the Division of cash in this Ministerial Department, pointed out that at the end of these operations, the Cameroonian public Treasury "displays an average subscription rate of 307%. That is to say, for each issue, "we received subscriptions corresponding to three times the application offers".

This rush towards Cameroonian Government securities helped to reduce the rate of pay for the investors, which rate passed, from 1.38% in the first quarter to 2.3% in the second quarter.