(Business in Cameroon) – Local investors in Cameroon played a key role in the success of ACEP Cameroon’s CFA 5 billion bond issue, launched at the Central African Stock Exchange (BVMAC) in Douala. The operation, marking the first bond issuance by a microfinance institution on this platform, saw local investors contribute more than CFA 3 billion, representing 60% of the total funds raised.
The second-largest contributor to the bond was Luxembourg, providing CFA 1.9 billion through the African Local Currency Bond Fund (ALCB Fund), managed by Cygnum Capital. This fund targets investments in microfinance institutions, with ACEP Cameroon specializing in funding small businesses and informal sector operators.
Investors from Congo and Gabon also made notable contributions, with each investing CFA 50 million and CFA 30 million, respectively. These contributions far outpaced those from Canadian and French investors, who contributed just CFA 5 million and CFA 3.5 million, respectively.
The bond, named “ACEP Cameroon 7% Gross 2024-2027,” was oversubscribed at 103.16%. However, ACEP Cameroon decided not to absorb the excess subscriptions, following the guidelines set by its governing bodies and its 2025 credit financing goals.
