(Business in Cameroon) - The primary market for government securities issued through bidding in the Cemac zone has been dynamic over the past year. According to the Bank of Central African States Beac, volume of issues increased significantly to XAF1,648.8 billion in 2018 from XAF878.7 billion in 2017, up by about 87.6%.
A total of 156 tenders were registered including XAF1,538.1 billion in Treasury bills (BTAs) and only XAF110.7 billion in fungible treasury bonds (OTAs).
With a volume of XAF629 billion in issues, Gabon was the largest borrower on the market (BTA segment) in 2018, followed by Chad with XAF416.6 billion. Cameroon came third with XAF287 billion. Other players include Equatorial Guinea (XAF114 billion), Congo (XAF72.5 billion) and the Central African Republic (XAF19 billion).
On the fungible treasury bonds (OTAs) side, only Gabon raised funds (XAF110.7 billion) through 10 issues.