BDEAC raises Bonds at BVMAC to bolster CEMAC recovery

By Ndumbe Bell Joseph Gaston in Douala The Development Bank of Central Africa States (BDEAC) has issued new bonds to raise the sum of FCFA 78 billion on the Central African Stock Exchange called BVMAC, to mark the end of a 3-year old stimulus package of FCFA 300billion started in 2020 for the creation of a strong economic base in the six partner countries of the CEMAC zone. This amount, which attracted a surplus of subscriptions was successfully administered by the technocrats of BVMAC, the regulator COSUMAF and concerned financial supervisors to an interest rate of “BDEAC 6% net 2022-2029”…