Chad raises CFAF 29.2bn (83.6% of auction target) in August regional issuances
On 19 August 2026 Chad’s Treasury completed three regional OTA auctions, raising CFAF 29.2 billion against a CFAF 35.0 billion target (coverage 83.6%). The sales—two- and three-year maturities—ran between 5 and 19 August and showed improving coverage across successive windows.
The desk brief
On 19 August 2026 Chad’s Treasury completed three regional OTA auctions, raising CFAF 29.2 billion against a CFAF 35.0 billion target (coverage 83.6%). The sales—two- and three-year maturities—ran between 5 and 19 August and showed improving coverage across successive windows.
The incomplete coverage (83.6%) signals shallower investor demand for Chad’s paper versus higher-rated regional issuers; however, the progressive improvement across the three auctions—culminating in a near-95% take-up on the final two-year line—suggests selective appetite. Future funding needs and the government’s 2026 issuance plan remain the main channels that could widen domestic borrowing costs or force heavier short-maturity refinancing reliance.
Monitor UMOA‑Titres auction calendar and next Chadian OTA windows to assess if coverage ratios sustain or deteriorate.
Sources & verification
Verified briefSupported by 3 independent publishers.
- Chad Treasury raises 29.2 billion CFA francs in August, meeting 83.6% of its target on the regional market | Newscapmad.comSource published (opens in a new tab)
- Le Tchad a levé 29,2 milliards FCFA en août, soit 83,6 % du montant recherchésikafinance.com (opens in a new tab)
- CEMAC : le Tchad peine à convaincre les investisseurs du marché régional | Financial Afrikfinancialafrik.comSource published (opens in a new tab)
Public references supporting this brief.