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CEMAC: Countries mobilized CFA1,216.1bn in bond issues on Beac market between May 2017 and May 2018

CEMAC: Countries mobilized CFA1,216.1bn in bond issues on Beac market between May 2017 and May 2018
  • Comments   -   Monday, 10 September 2018 15:40

(Business in Cameroon) - Between May 2017 and May 2018, CEMAC member states raised CFA1,216.6 billion through 139 issues of public securities (Fungible Treasury bonds and treasury bills). This was published in the newsletter of the Douala Stock Exchange (DSX) which reports statistics from the Bank of Central African States (Beac).

During the period under review, the market was largely dominated by treasury bills (BTAs). The issues of these short-term debt securities made it possible to raise a total amount of CFA1,142.7 billion, compared with only CFA73.8 billion for Fungible Treasury Bonds (OTA), which are long-term debt securities (maturing in more than one year).

The Beac public securities market has become a major fund provider for CEMAC’s member countries in a context marked by a decline in public revenues. Within this market, launched in 2011, Cameroon is the major player. Let’s note that the six CEMAC countries include Cameroon, Central African Republic, Equatorial Guinea, Chad, Gabon, and Congo.  

BRM

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