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Cameroon ensures the success of the BDEAC 2022-2029 bond loan with 51.4 billion FCFA subscribed

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(Business in Cameroon) – The Development Bank of Central African States (Bdeac) announces that it has successfully completed its 2022-2029 bond loan, with a final envelope of 110.8 billion FCFA, while it only requested 78 billion FCFA from investors on the Central African Stock Exchange (Bvmac). “ To comply with the provisions of the information document, relating to the rules for the allocation of securities, Bdeac requested and obtained from Cosumaf (Central African Financial Market Supervisory Commission) to absorb the oversubscribed sums », Indicates the sub-regional financial institution headed by the Cameroonian Dieudonné Evou Mekou (photo).

According to the details of the operation revealed by Bdeac, its success is closely linked to the dynamism of investors established in Cameroon. Indeed, Cameroonian investors alone subscribed to this public offering to the tune of 51.4 billion FCFA, which represents more than 46% of the total envelope obtained by Bdeac. Congolese investors injected just over 22.5 billion FCFA into the operation (20.3% of the envelope). This represents less than half of the subscriptions from Cameroon, which multiplies almost five times those from Gabon (11.5 billion FCFA) and 10 times those from Equatorial Guinea (5 billion FCFA).

The results of this Bdeac fundraising operation confirm Cameroon, which is home to Bvmac, in its status as a CEMAC financial center (Cameroon, Congo, Gabon, Chad, CAR and Equatorial Guinea). This supremacy is all the more understandable as the country alone has about 40% of the industrial fabric of this community space, banking networks (18 credit institutions) and microfinance (more than 400 approved structures in Cameroon) the largest in the Cemac zone.

As a reminder, with a 7-year maturity and a 2-year grace period, Bdeac’s 2022-2029 bond loan, remunerated at 6%, is the 3rd fundraising operation initiated by this financial institution on the unified financial market of CEMAC since 2020. All oversubscribed, these three public offerings are part of a financing plan of 300 billion FCFA over 3 years, adopted by the general assembly of Bdeac in 2020.

According to this sub-regional financial institution, the funds thus mobilized should “consolidate the bank’s readiness to respond to the various calls for funds, within the framework of integrative projects; and supporting economic recovery through increased private sector financing”.

Brice R. Mbodiam

Read also

06-12-2022 – BDEAC launches its 3rd bond loan in a row to Bvmac, for an amount of 78 billion FCFA

16-12-2022 – BDEAC 6% NET Bond Loan 2022-2029: a successful operation

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