Cameroon has raised $550 million in Eurobonds, leveraging a period of lower interest rates and increased demand for African debt. This move follows similar issuances by Côte d’Ivoire, Kenya, Benin, and Senegal.

On Tuesday, July 23, 2024, Cameroon issued the seven-year Eurobonds at an interest rate of 10.75%. The issuance was conducted through a private placement, with Citigroup Global Markets Ltd serving as the sole placement agent and arranger alongside Cygnum Capital Middle East.

For more information, please see https://www.ecofinagency.com/homepage/2407-45758-cameroon-issues-550mln-in-eurobonds