Cameroon: Promoting infrastructure development – BDEAC Bonds On Sale

Businessmen have been urged to rush for their part, as bond underwriting will run from November 15 to 25, 2021.

Bonds from the Central African States Development Bank (BDEAC) called “BDEAC 5.60% Net 2021-2028” were launched Friday, November 12 in Douala. The operation, which is the second phase of a three-year program, provides for the mobilization of resources totaling 100 billion FCFA on the CEMAC financial market, at the rate of 10,000 FCFA the nominal value of one. title for an interest rate of 5.60% net over the term of the loan, which is seven years. Subscriptions to acquire the bonds will take place from November 15 to 25, 2021 with the brokerage firms and banking institutions concerned. During the launching ceremony, the president of the Development Bank of Central African States (BDEAC), Fortunato-Ofa Mbo Nchama explained that the funds mobilized during the operation will be intended to promote development within the sub-region. He also thanked investors from the CEMAC region for their decisive contribution to financing the development of the sub-region. He went further and urged Cameroonian investors to rush for their own share of the bonds during this second phase in order to continue to contribute to the emergence of economies and the improvement of the living conditions of the populations of Central Africa. . The funds raised during the sale will be used to finance operations in the private and public sectors, with resources adapted in terms of maturity, deferment and interest rate. In doing so, BDEAC will contribute to economic diversification, the financial inclusion of the population and the redistribution of revenues. They will also make it possible to better finance the implementation of priority integration projects of the CEMAC Regional Economic Program, in local currency. Among the sectors that will be impacted are education, services and tourism, agribusiness, agro-pastoral, finance, health, transport, energy, telecommunications, water and sanitation. . The President of the Central African States Development Bank (BDEAC). Fortunato-Ofa Mbo Nchama, further decried that although realizing the potentials, the Central African sub-region has a fragile economy, so it was high time for all to get their hands on the bridge to improve the situation. He added that their wish is to connect the capitals of the six CEMAC countries by paved roads. The Secretary General of the Littoral Prefecture, Aboubakary Haman Tchiouto, was also present to honor the ceremony.