Investors responded massively to Cameroonian bond solicitations, covering demand at 121.75%, outperforming Congo (91.28%), Chad (72.27%), Gabon (61.27%), and the Central African Republic (57.43%). Furthermore, the auction rate on short-term bills stood at 97.44%, surpassing the regional average of 75.66%.


However, overall debt conditions remain burdensome under the effect of monetary tightening pursued by the issuing institute since 2022 to curb inflationary pressures. With an outstanding stock of 2,061.3 billion FCFA at end-July, up 2.6% month-on-month, Yaoundé ranks third among sub-regional issuers behind Libreville (3,424.1 billion FCFA) and Brazzaville (3,040.8 billion FCFA), within a market whose total value rises to 10,560.8 billion FCFA, representing 13.3% of regional gross domestic product.

The renewed confidence of Treasury Securities Specialists offers valuable leeway to the executive to cover its amortization charges.


Finally, the acceleration of trading on the secondary market, with transactions reaching 3,316 billion FCFA, ensures the necessary liquidity for sub-regional subscribers.


Asaba

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