Driving this wave of borrowing, Congo is requesting 45 billion FCFA for August 25, 2026, divided into four distinct tranches, comprising 15 billion FCFA in assimilable Treasury bonds maturing in 4 years and 10 billion FCFA in assimilable Treasury bonds maturing in 2 years, as well as assimilable Treasury bills with a combined amount of 20 billion FCFA. To attract regional capital, Congolese authorities are offering an attractive coupon peaking at 6.20% for the longest-maturity security, guaranteeing annual interest payments with bullet repayment at maturity.

In turn, Chad will approach the market on August 26, 2026, to raise 25 billion FCFA via bond instruments spread over 2 years, remunerated at a fixed rate of 6.00%, before rolling out a schedule of successive issuances planned for September. Meanwhile, Cameroon completes this financial sequence on August 24, 2026, by issuing 20 billion FCFA in 52-week receivables, whose precomputed remunerations align with market tensions.

This bidding-up of bond yields increases the cost of servicing external debt for all nations in the sub-region. The continuation of these financial arbitrages will compel central banks to regulate liquidity access more strictly to avoid deterioration of sovereign balance sheets.


Asaba

Tags: marché financier emprunt d'état obligations trésor bons trésor cameroun congo tchad taux d'intérêt dette publique financement régional