Cameroon eurobond first unlocks funding dimension

Author: Lizzie Meager | Published: 14 Dec 2015

The Republic of Cameroon has issued a $750 million eurobond, joining the long list of African nations tapping the market in recent years.

The inaugural issuance has come seemingly just in time to take advantage of record-low rates across the majority of Europe and rest of the world.

Until now the government had offered notes on a domestic or bilateral basis, but those close to the deal say that this is only the beginning of Cameroon’s journey to becoming a more regular issuer as it looks to both diversify and further develop its economy.

"The international capital markets are perfectly placed to fit that purpose,"...