The State of Cameroon launches a new 50 billion FCfa bond credit bond (emprunt obligataire) :
From December 9-23, 2013, investors of all shapes and sizes are invited to sign-up for the second public fundraising effort in the history of Cameroonian public finance after the 200 billion FCfa launched in 2010.
This fundraising operation which is being held on the Douala Stock Exchange (DSX), the securities stock exchange in Cameroon is listed as “ECMR 5.9% 2013-2018”. Translation: funds loaned to the State of Cameroon will be reimbursed in 2018 (after 5 years), at an interest rate of 5.9%.
This was the news revealed by Ecofin Agency a few weeks ago, this new credit bond involves 50 billion FCfa and has been arranged by SCB Cameroon, the local subsidiary of the Moroccan group, Attijariwaffa Bank.
source: Business Info Focus Cameroon