Gabon sells bonds to Cmr'nian investors on BEAC market

The Gabonese State has launched a publicity campaign through the press, towards Cameroonian investors, emissions of government bonds on the market of the Bank of Central African States (BEAC), for a total amount of 50 billion Cfa francs.

The first operation is planned on September 24, 2014. This wink in the direction of Cameroonian investors simply shows in the analysis of the Directorate-General of Treasury in the Ministry of the Finance in Cameroon, 85% of subscriptions for securities issued by States of CEMAC in the BEAC market, are investors in Cameroon, countries representing more than 40% of the industrial fabric of this community space.

It is certainly strong from this strategic position, on the one hand, and the enthusiasm of investors Cameroon to the BEAC public securities market, on the other hand, only on 12 licensed banks as specialists in value of Treasury (SVT) by the Gabonese State, six are banks of Cameroon (Afriland, Ecobank, SCB, UBA, Standard Chartered, UBC), reveals the Gabonese economy and prospective Ministers joint communiqué then the Budget and public accounts.

As a reminder, these two bond issues have been authorized by an act of the corrective finance, the Gabonese Parliament adopted in July 2014. These funds are intended for the financing of road projects contained in the national blueprint for the country's infrastructure (SDNI).