(Business in Cameroon) – Cameroon’s Treasury was back yesterday on the regional debt market. This time, the country issued a new batch of government securities including two new Treasury bonds with maturities of 3 and 10 years. The government is seeking CFA15 billion with the 3-year bond, offering an interest rate of 6%, and CFA10 billion with the 10-year bond at 8%.
In addition to those two new auctions, the Treasury reopened subscriptions for three previously issued bonds, keeping the same conditions. These include two 3-year bonds offering yields of 6.25% and 5.5%, with a total target of CFA30 billion, and one 7-year bond offering 6.5%, for another CFA15 billion. Results of the auction are still pending.
Cameroon’s 2025 budget law allows the Treasury to raise up to CFA380 billion this year through public securities. Given that target, and Cameroon’s active presence on the BEAC market since it launched in 2011, there is a strong chance the country could also issue another bond on the Central African financial market before the year ends.
