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Equitable treasury bonds: Cameroon raises 35 billion FCFA

17/03/2021
Categories: Economy/Forex

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Thanks to an interest rate of 6.5%, Cameroon successfully completed its 2nd long-term loan in 2021. The issuance of assimilable treasury bonds (OTAs) with a maturity of 7 years resulted in the effective mobilization of the maximum envelope of 35 billion FCFA

requested.

The central bank statement informs that six specialists in treasury securities (SVT) out of 21 approved by the State of Cameroon on this market, took part in this fundraising operation. The latter thus allows the Cameroonian government to successfully complete its 2nd long-term loan since the beginning of the current year, after the 50 billion FCFA raised on February 26, 2021, at the end of an OTA with a 5-year maturity, paid at 5.5%.
As part of its program to mobilize a total of 225 billion FCFA on the Beac public securities market during the first half of 2021, the Cameroonian Treasury will start afresh on March 24, 2021, through a new operation aimed at raising 40 billion FCFA, by issuance of securities with 5 years of maturity. An operation with an interest rate of 5.5% once again

.
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