Luanda: Angola has successfully raised 2.5 billion US dollars in international financial markets through a Eurobond issuance, as announced by the Minister of State for Economic Coordination, Jose de Lima Massano, on Wednesday. The announcement followed a Council of Ministers meeting chaired by President Joo Louren§o.

According to Angola Press News Agency, the issuance attracted a demand of approximately 5.2 billion US dollars, allowing Angola to exceed its initial target of 2 billion US dollars. This achievement is significant given the current global uncertainty and market volatility. Massano noted that this issuance is one of the first by an emerging country since the recent tensions in the Middle East, highlighting the confidence international investors have in Angola's economy.

The minister emphasized the importance of this operation, noting that it was one of the largest single-day issuances by a sub-Saharan African country, surpassed only by South Africa and Nigeria. Another key point was the favorable interest rates secured for this issuance, which are lower than those of previous issuances, despite the challenging international environment. This improvement in financing conditions is a rarity among countries following periods of international instability.

Massano explained that the issuance was divided into two installments with repayment terms of seven and 11 years. There was strong participation from investors, particularly from the UK and US markets, with the latter showing the largest mobilization of resources. The funds raised are earmarked for financing the execution of the General State Budget for 2026 and ensuring the state's financial obligations, including timely payments to suppliers.

This Eurobond issuance is part of Angola's national debt strategy to manage its maturity profile by issuing medium and long-term bonds and reducing the average cost of debt.