Cameroon issued a CFA25 billion 7-year bond on the BEAC market on Sep. 28

On September 28, the Cameroonian government issued a 7-year fungible treasury bond to raise CFA25 billion on the Beac public security market. According to information reported by the central bank, this new fundraising will be done through domestic syndication. This is a mechanism, validated by the central bank in 2021, which consists of a government issuing public securities through a group of primary dealers (SVT) formed as a syndicate and headed by a lead manager. For this transaction, Cameroon chose the local subsidiary of the French banking group Société Générale. Domestic syndication is a better way to raise financing since,…