ACEP Cameroon Begins Third CFA1.14bn Bond Repayment on Regional Exchange

Starting July 1, brokerage firms on the Central African Stock Exchange (Bvmac) will begin processing the third repayment under the bond issued by Cameroon-based microfinance institution ACEP Cameroon, the Douala-based exchange announced.

According to a notice signed on June 23 by Bvmac CEO Louis Banga Ntolo, ACEP Cameroon will repay CFA1.14 billion under this third installment. The amount includes CFA140 million in interest.

“The net coupon payable per bond is CFA2,280, comprising CFA2,000 in principal repayment and CFA280 in interest,” Bvmac said. The bond, issued under the name “ACEP 7% Gross 2024-2027,” was officially launched on the regional exchange on January 9, 2025. Subscriptions opened on December 30, 2024, and closed on January 30, 2025.

The three-year bond, which carries a 7% interest rate, enabled ACEP Cameroon to raise CFA5 billion to finance its 2025-2027 strategic plan. At the time of the fundraising, the microfinance institution said the operation was primarily intended to reduce its dependence on international development lenders.

B.R.M.