The State of Cameroon and the African Export-Import Bank (Afreximbank) have concluded a deal deal of 200 billion CFA francs on the BEAC public securities market. To conduct this deal, the subsidiaries in Cameroon of the banking groups Société Générale, Attijariwafa Bank (SCB Cameroun) and Ecobank, as well as the Cameroonian banker Afriland First Bank,

Afriland, Ecobank, SG and SCB are part of the network of 22 credit institutions approved by the State of Cameroon as Treasury Securities Specialists (SVT) on the BEAC securities market. They were chosen to lead the 200 billion CFA deal because of their leadership. The transaction involves issuance of assimilable Treasury Bonds (OTAs) with a maturity of 3, 4, 5, 5, 6 and 7 years. These securities have an interest rate of 6.5% for 3, 4 and 5 year maturities; 7% for values with 6 years of maturity and 7.5% for OTAs with 7 years of maturity. For each category of securities, the Cameroonian Public Treasury intends to mobilize 40 billion FCFA, i.e. an overall envelope of 200 billion FCFA, according to BEAC documents

Note that the deal concluded between the State of Cameroon and Afreximbank consists of a swap. Afreximbank would have converted euros into FCFA with BEAC in the amount of 200 billion FCFA. This allows this pan-African financial institution specializing in the financing of intra-African trade, to subscribe to the above-mentioned OTA issues, carried out by the State of Cameroon