Africa Taps Eurobond Market as Demand for Riskier Assets Jump

Cameroon became the second African nation in less than a week to sell dollar bonds, as frontier markets take advantage of risk-on sentiment to raise funds.

The central African nation priced a $750 million five-year bond at a yield of 10.125%, according to a person familiar with the matter. That compares with a yield of 10.75% on a seven-year dollar note it issued in 2024, when the country last went to market.