Cameroon will launch a public bond issuance program starting March 17 to raise CFA145 billion. The program features six long-term Treasury Bonds with varying maturities and interest rates. This approach reflects the government’s shift to more competitive rates to attract investors amidst rising market expectations.
Beginning March 17, Cameroon’s Treasury will initiate a public bond issuance program in collaboration with the Bank of Central African States (BEAC) to secure CFA145 billion in investor funding by March 31. This program comprises six Treasury Bonds (OTAs) with maturities between 3 and 7 years, aimed at raising CFA20 billion to CFA25 billion for each bond issued.
Cameroon’s decision to raise interest rates signifies its adaptability to market demands and its effort to attract investment despite previous conservative monetary policies. While the rise in borrowing costs poses challenges, the country maintains the lowest borrowing rates in the Cemac zone, demonstrating fiscal reliability and effective debt management.
Original Source: www.businessincameroon.com