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BEAC market: Cameroon's 2024 bond issue postponed for a later date

25/04/2024
Source : ORISHAS-FINANCE
Categories: Index/Markets

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Cameroon's 2024 bond issue in the amount of 200 billion FCFA (325.8 million $) was planned for the month of April 2024 according to the provisional calendar of issues of government securities of Cameroon for the current fiscal year.

Cameroon plans to buy back some of its bond securities issued on the BEAC market to preserve its cash flow in the face of difficult access to new financing. Indeed, Cameroon's 2024 bond will finally be launched a little later in the year. According to the information, “negotiations are ongoing. In addition, the market é is currently saturated é by Gabon and the BDEAC ( Development Bank of Central African States) . As a result, it is not safe to go and ask for a large loan at the moment, when the weather is not at all kind on the subregional capital market, where access to financing by economic agents has not been the easiest in recent months.

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