Two Franklin Templeton funds hold 2.04 billion CFA francs in Cameroonian bonds
By the AFREEQUE newsroom, based on Investiraucameroun
Two funds linked to US asset manager Franklin Templeton held Cameroonian sovereign bonds with a combined nominal value of €3.11 million, or about 2.04 billion CFA francs, as at 30 June 2026. The securities pay 5.95% a year and mature on 7 July 2032, and are listed in portfolio statements filed with the Securities and Exchange Commission, according to Investir au Cameroun.
Two funds linked to Franklin Templeton held Cameroonian sovereign bonds with a combined nominal value of €3.11 million, or about 2.04 billion CFA francs, as at 30 June 2026, according to Investir au Cameroun. The securities carry an annual interest rate of 5.95% and mature on 7 July 2032. The amounts are listed in portfolio statements filed with the Securities and Exchange Commission (SEC), the US financial markets regulator.
The Templeton Global Dynamic Income Fund accounted for most of the position, with a nominal value of €2.89 million, equivalent to about 1.90 billion CFA francs. The Putnam Master Intermediate Income Trust held €220,000, or 144.3 million CFA francs. The fund was renamed Franklin Master Intermediate Income Trust in July 2026, with its PIM ticker on the New York Stock Exchange unchanged.
The Putnam fund’s investment in Cameroonian debt dates back at least to 2023. It then held a nominal €360,000; the amount had fallen to €320,000 in September 2025 and then to €220,000 in June 2026, a decline of 31.25% in nine months. Franklin Emerging Market Debt Opportunities Fund also reported €2.13 million in Cameroonian bonds in its portfolio as at 31 January 2026.
These investments come amid developments in Cameroon including the US$390 million loan for the Douala-Bangui corridor, authorised on 4 October, and the announcement on 30 September of 450 billion CFA francs in identified public funds.
