Angola returns to international markets with up to 10-year dollar bonds

Angola's government is returning to international capital markets with dollar-denominated five-year and ten-year bonds. Angola's government is returning to international capital markets with dollar-denominated five-year and ten-year bonds, according to a regulatory notice released on Tuesday. According to the notice, tentative pricing for the bonds was indicated at around 9.75% and 10.50% respectively. A circular published by IFR showed final pricing expected later in the day. The planned issuance is part of Angola's broader financing strategy for 2025, which is expected to bring the country's total fundraising through debt instruments to approximately $6 billion. That will help the government meet its total financing needs of $14.9 billion, according to a separate document issued by the government. Public debt stood at $59.6 billion at the end of 2024, equivalent to 53% of gross domestic product (GDP) and down from 70% in 2023, the document showed.