Linklaters has advised the Republic of Cameroon on the $750 million inaugural offering of 9.50% notes due 2025. This transaction is intended to enable the Republic of Cameroon to finance development projects and, in particular, the repayment in full of the SONARA bridge loan, the partial financing of the three-year emergency plan and certain long-term investment projects identified in the 2015 budget.

Bertrand Sénéchal, Capital Markets partner at Linklaters, says “Cameroon has followed other nations in Africa who have sold debt this year to balance their budgets and finance infrastructure needs and we’re likely to see similar deals across the continent next year.”

African nations have sold $8.25 billion in Eurobonds this year.

The Linklaters team was led by Capital Markets partners Bertrand Sénéchal and Richard O’Callaghan and included managing associate Olga Fedosova.