Cameroon joins Africa bond sale spree with US$550mil issuance


The bonds were sold through a private placement. — Bloomberg

YAOUNDE: Cameroon sold US$550mil of bonds, the latest in a wave of African countries taking advantage of benign market conditions to raise fresh financing.

The seven-year US dollar bonds were priced to yield 10.75%. The bonds were sold through a private placement.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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