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Issuer developmentsChadDeveloping story

Chad announces closure of its CEMAC regional bond-raising programme

On 22 August 2026 Chad’s Directorate General of Treasury and Public Accounting announced it is closing its bond-raising programme on the CEMAC regional market, shifting policy focus from new OTA issuance to managing repayments and amortisation of existing domestic debt lines.

On 22 August 2026 Chad’s Directorate General of Treasury and Public Accounting announced it is closing its bond-raising programme on the CEMAC regional market, shifting policy focus from new OTA issuance to managing repayments and amortisation of existing domestic debt lines.

The announced closure changes the policy focus from issuance to execution: short-term refinancing needs shift to managing scheduled amortisations and potential reprofiling. Regional banks and institutional investors will see a reduction in new supply but face reinvestment or rollover choices as medium-term OTA lines enter denser repayment phases; market confidence will determine future access and cost of rollover financing.

BEAC and BVMAC notices confirming execution of end-2025/2026 maturities and any refinancing auctions.

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Further independent confirmation is required.

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