(Business in Cameroon) - At the end of August this year, CEMAC’s national treasuries raised CFA1,349.7 billion on the sub-regional securities market, showing a surge by 54% compared to the same period in 2017. As well, the figure reflects an improvement by 36% points in the issuance average coverage rate (152.7%).
This was revealed following the year’s third ordinary session of the Supervisory Board of the Securities Settlement and Depository Unit (CRCT) of the Bank of Central African States (Beac), held in Yaoundé last September 26.
The meeting headed by the statutory chairman Abbas Mahamat Tolli, reviewed, among others, the major achievements on the market of government securities issued by auctions organized by the Beac, during the period. However, the Board deplored the increase in issue costs and the decline in purchases and sales on the secondary market.
Let’s note that during the same period last year, CRCT already reported a persistent preference for short maturities, rising program costs and sluggish buy-sell operations.