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Gabon Raises $920 Million Eurobond, Exceeding Target Despite High Borrowing Costs
['Business In Cameroon', 'Economie', 'Banking', 'Energy', 'Comms', 'Media', 'Law', 'Insurance', 'Public Management']
Business in Cameroon
Gabon has raised $920 million through a seven-year Eurobond, exceeding its initial target by 22.7% as strong investor demand allowed the country to secure more funding despite continuing to face high borrowing costs on international capital markets.
In February 2025, the country raised $570 million through a bond maturing in 2029 with a 9.5% coupon.
The 2025 Eurobond, despite its 9.5% coupon, was issued below par, resulting in an initial yield of 12.7%.
Larger than Cameroon's issuance, but more expensiveGabon raised 22.7% more than the $750 million Eurobond Cameroon issued on January 30, 2026.
The $920 million issuance represents about 61% of that limit, leaving theoretical borrowing capacity of roughly $580 million, although no additional Eurobond sale has been announced.