The State of Cameroon will launch, from May 9 to 18, a bond loan by public call for savings for an amount of 200 billion FCFA (more than 322 million dollars), we learned on Saturday from competent departments of the Ministry of Finance.
The feasibility of this operation, for a period of 7 years, with a grace period of 2 years for an annual interest rate of 6.25%, was confirmed the day before through an authorization issued to it by the Commission of supervision of the Central African financial market (COSUMAF).
The said loan will be listed on the Central African Stock Exchange (BVMAC), and the funds from the collection will be allocated to the financing of certain development projects included in the State budget for the 2022 financial year.
In 2010, the Cameroonian State had already successfully used this process on the international capital market to finance its budget.
On this occasion, the largest subscribers came from the issuing country, China, France, Gabon, Equatorial Guinea, Morocco and Senegal.
For the entire current year, the Finance Law authorizes the government to issue public securities for a total amount of 350 billion FCFA (approximately 564 million dollars).