For its issuance of 6-year Treasury similar bonds (OTAs), paid at 6%, the Cameroonian Public Treasury finally collected an envelope of 34.8 billion FCFA, out of the 50 billion FCFA requested, although central bank data reveal that investors subscribed up to 40.2 billion FCFA out of the 50 required.

This is the 2nd operation of this type carried out by the Cameroonian Public Treasury in the 2nd quarter of 2021, during which it is expected to raise a total of 100 billion FCFA, according to the provisional program of operations on the Beac public securities market, published by the Ministry of Finance. According to the public authorities, the financing thus mobilized is used to carry out investment projects across the country. Cameroon, certainly because of its low interest rate policy, seems to have preferred to settle for an envelope of 34.8 billion FCFA. “Cameroon is currently the only country south of the Sahara that is still indebted at interest rates of less than 3% for short maturity securities and less than 7% for long maturities,” Sylvester Moh, the Director General of the Treasury, Financial and Monetary Cooperation at the Ministry of Finance, often likes to recall