In detail, the issue of 20 billion FCFA at 52 weeks yielded 15.2 billion FCFA with a weighted average rate of 7.39%. The 10 billion FCFA tranche at 26 weeks captured 5 billion FCFA at a rate of 6.93%, while the 13-week operation attracted 4 billion FCFA at 6.71%. Cameroon ranks third among regional borrowers with a total outstanding amount of 1,972.1 billion FCFA at the end of May 2026, within a sub-regional market reaching 10,020.5 billion FCFA.

The increase in remuneration offered by Treasury specialists increases the burden of sovereign debt. The orientation of investors towards short maturities reflects the caution of commercial banks in the face of liquidity risks. The rise in bond interest rates reduces the national budget's room for maneuver to finance current expenditures.

The diversification of subscribers beyond regional banks allows for the expansion of the investor base. Aligning the issuance calendar with the banks' liquidity peaks optimizes the collected amounts. Controlling the cost of bond refinancing preserves the financial solvency of the sovereign state.


BCN

Tags: marché des titres cameroun finances publiques dette souveraine taux d'intérêt investisseurs budget national économie africaine marché obligataire