Cameroon completes 2018-23 bond repayment at regional money market

The Cameroonian Treasury is soon going to complete the repayment of the money it raised on the regional market between 2018 and 2023. The final disbursement under this repayment plan- CFA52.8 billion- is expected to take place next November 15. FCFA 50 billion is for the principal of the debt and the additional FCFA 2.8 billion is the interest, the Central Bank BEAC explained. Referred to as “ECMR 5.6% net 2018-2023,” this bond issue was initially expected to raise FCFA150 billion but ended up enabling the Cameroonian government to raise FCFA 200 billion thanks to a significant oversubscription by investors,…