Cameroon Plans Second Global Bond Sale to Finance Virus Spending
- Central African nation plans to sell 10- or 12-year bond
- State is raising money to fund larger budget, settle debt
Source: Anadolu Agency/Getty Images
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Cameroon plans to tap international markets for the second time in six years as the Central African nation seeks resources to finance an expanded budget.
The government may sell a 10-year or 12-year euro-denominated bond after a series of investor meetings that commenced Wednesday, according to people familiar with the transaction. The country appointed Citigroup Inc., JPMorgan Chase and Co. and Societe Generale SA to manage the sale, the people said.