Angola has returned to international capital markets with the launch of new five-year and ten-year U.S. dollar-denominated bonds, according to a regulatory notice released on Tuesday.
Preliminary pricing for the bonds was indicated at around 9.75% for the five-year notes and 10.50% for the ten-year notes, with final pricing expected later in the day, a circular from IFR showed.
The issuance forms part of Angola’s 2025 financing strategy, which aims to raise about $6 billion through debt instruments to help meet the government’s total financing needs of $14.9 billion, according to official documents.
Angola’s public debt stood at $59.6 billion at the end of 2024, equivalent to 53% of GDP—down from 70% in 2023—reflecting ongoing fiscal consolidation efforts.
Citi, Deutsche Bank, JPMorgan, and Standard Chartered are serving as joint lead managers for the bond sale.
Source:Africa Publicity
