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Assimilable 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 succeeds in its 2nd long-term loan of the year 2021. The issuance of assimilable treasury bonds (OTA) with a maturity of 7 years, resulted in the effective mobilization of the maximum envelope of 35 billion FCFA requested.

The statement of the central bank informs that six specialists in Treasury securities (SVT) out of the 21 approved by the State of Cameroon on this market, have taken 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 issue with 5 years of maturity, remunerated at 5.5%
As part of its program to mobilize a global envelope of 225 billion FCFA on the beac public securities market during the first half of 2021, the Cameroonian Treasury will return to the boarding on March 24, 2021, through a new operation to raise 40 billion FCFA, by issuing securities with a maturity of 5 years. An operation with an interest rate of 5.5% once again.

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