Cameroon 1st operation of 2020 on the Beac market: 20 billion FCFA at an average rate of 2.1%

The Cameroonian Treasury managed to raise an envelope of 20 billion FCFA on the Beac public securities market, following an instruction session on assimilable Treasury bonds (BTA) at 26 weeks, organized on 8 January 2020, according to information relayed by Investir au Cameroun.

According to the statement released by Beac, the central bank of the six Cemac countries, this issue of BTA was oversubscribed, the investors having offered up to 41 billion FCFA to the Cameroonian state. But, the country has contented itself with half the envelope, as expected.

This investor interest in Cameroonian public securities has been to lower the interest rates demanded by them a little bit. According to the summary of the Central Bank, the 20 billion FCFA raised by Cameroon on January 8, 2020, was at an average rate of 2.1%, against 2.3 to 2.5% in recent months.