Republic of Cameroon US$ 550mm 7-year Eurobond Issue

Republic of Cameroon US$ 550mm 7-year Eurobond Issue

Congratulations to the Ministry of Finance of the Republic of Cameroon on its successful Eurobond issuance of US$550 million, which closed on 31 July 2024.

The proceeds of this strategic financial operation aim to clear domestic arrears and support the Republic’s continued growth and economic activity. The bonds, offered through a private placement to leading emerging market debt investors, carry a 9.5% coupon with a final maturity of seven years.

The Republic’s successful return to the Eurobond market after three years demonstrates continued support from the international investor community despite volatile market conditions.

Cygnum Capital acted as joint-arranger with Citigroup. Citigroup Global Markets acted as sole bookrunner.

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