(Business in Cameroon) – Cameroon’s Public Treasury is set to repay 10.7 billion CFA francs ($17.5 million) on June 23, 2025, marking the second installment of its multi-tranche bond issued in 2023. The Central African Securities Exchange (BVMAC) announced the repayment in a statement dated June 2, 2025, signed by its Director General, Louis Banga-Ntolo.
“The net coupon to be received per bond tranche will be CFAF 580 for tranche A, CFAF 600 for tranche B, CFAF 675 for tranche C, and CFAF 725 for tranche D. Payment operations will begin on June 24, 2025, at brokerage firm counters,” the BVMAC statement detailed.
The 2023-2031 multi-tranche bond allowed the Cameroonian government to raise a little over 176 billion CFA francs on the unified financial market of the CEMAC region, which includes Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic. This surpassed its initial target of 150 billion CFA francs.
This was Cameroon’s seventh successful bond operation on the sub-regional financial market and the first multi-tranche bond (featuring maturities of 3, 4, 5, and 7 years) to be implemented within the CEMAC zone. The government stated that this approach was taken due to increasingly difficult market conditions, characterized by high interest rates driven by the central bank’s tight monetary policy at the time.
This type of operation provides investors with greater flexibility, enabling them to subscribe to longer maturities with higher interest rates or shorter ones with lower rates, depending on their risk appetite and investment strategy.
BRM
