[12:55, 03/07/2025] Bernardo: According to BEAC documents, the operation involves issuing Treasury Bonds Obligations du Trésor Assimilables, or OTA with maturities of 3, 4, 5, 6, and 7 years. These securities come with interest rates of 6.5% for 3-, 4-, and 5-year maturities, 7% for 6-year bonds, and 7.5% for 7-year OTAs. The Cameroonian public treasury aims to raise 40 billion CFA francs for each category of securities, totaling 200 billion CFA francs. The subsidiaries in Cameroon of the banking groups Société Générale, Attijariwafa Bank (SCB Cameroon), and Ecobank, as well as the Cameroonian bank Afriland First Bank, have been selected to lead the 200 billion CFA franc deal on the BEAC's public securities market, concluded between the State of Cameroon and the African Export-Import Bank (Afreximbank).These four banks, which are part of the network of 22 credit institutions accredited by the Cameroonian State as Treasury Bond Specialists (SVT) on the BEAC's securities market, were chosen due to their leadership.

Afreximbank required that only the best Treasury Bond Specialists (SVT) of the state be associated with the operation. And the four form the quartet that was rewarded by the Ministry of Finance at the beginning of the year for having most supported the public treasury in its fundraising operations on the money market in 2024, according to a source close to the file. As a reminder, the deal concluded between the State of Cameroon and Afreximbank involves a swap. This means that Afreximbank converted euros to CFA francs with the Bank of Central African States (BEAC) to the tune of 200 billion CFA francs. This allows the pan-African financial institution, which specializes in financing intra-African trade, to subscribe to the aforementioned Treasury Bond issues (OTA) made by the State of Cameroon . This operation enables Afreximbank to become the first foreign financial institution to operate on the public securities market of the Economic and Monetary Community of Central Africa (CEMAC), which comprises Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and the Central African Republic. This initiative could boost the attractiveness of the money market, sparking the interest of other foreign financiers in this market, where local players are almost saturated due to the high demand for financing from CEMAC States.

Christelle koambi