Cameroon Sells Inaugural Eurobond as Investors Shy Away
- Prices $750 million of securities at high-end of target yield
- African nations have sold $8.25 billion of Eurobonds this year
This article is for subscribers only.
Cameroon sold its debut Eurobond at the high end of its target yield as some investors stayed away because of the slump in commodity prices.
The country raised $750 million of securities due in November 2025 at 9.75 percent on Thursday. It began marketing the bond between 9.625 percent and 9.75 percent.