REPUBLIC OF CAMEROON Peace - Work - Homeland
MINISTRY OF FINANCE SECRETARIAT GENERAL
DIRECTORATE-GENERAL FOR TREASURY AND FINANCIAL AND MONETARY COOPERATION DIRECTION OF THE TREASURY
REPUBLIC OF CAMEROON Peace - Work - Fatherland
MINISTRY OF FINANCE SECRETARIAT GENERAL
DIRECTORATE GENERAL OF TREASURY, FINANCIAL, AND MONETARY COOPERATION LIQUIDITY MANAGEMENT DEPARTMENT
PRESS RELEASE
The Minister of Finance, Louis Paul MOTAZE, informs national and international public opinion that in the context of the financing of certain development projects included in the Finance Law of the Republic of Cameroon for the year 2023, and by the Enabling Decree of the HEAD OF STATE, HIS EXCELLENCY PAUL BIYA,
The State of Cameroon has issued on the CEMAC financial market, a bond called ‘ECMR 2023 with multiple tranches of a volume of fcfa 150 billion’.
At the end of this operation, the result of subscriptions is FCFA 176,692,640,000, representing a subscription rate of 117.8% distributed as follows:
| Cut | Amount requested | Subscribed amount | Coverage ratio |
|---|---|---|---|
| A. 3 years old | 40 000 000 000 | 79 372 990 000 | 198% |
| B.4 years | 40 000 000 000 | 61 613 380 000 | 154% |
| C. 6 years | 50 000 000 000 | 25 071 520 000 | 50% |
| D. 8 years | 20 000 000 000 | 10 634 750 000 | 53% |
| TOTAL | 150 000 000 000 | 176 692 640 000 | 117,8% |
To satisfy all investors who trust the signature of the State, the government of Cameroon solicited and obtained the approval of the Regional Advisory Commission on Financial Markets (COSUMAF), and all subscriptions have been retained for a total sum of FCFA 176,692,640,000.
Building on this satisfactory result, obtained in a particularly difficult economic context, the Minister of Finance expresses his deep gratitude to the Investor Community and all other stakeholders for their support.
04 JUL 2023