Luanda: Angola returned to international capital markets on Tuesday with a 1.75 billion Eurobond issuance, three years after its last issuance.

According to Angola Press News Agency, the transaction was structured in two tranches: one for 1 billion US dollars, with a five-year maturity (2030), and another for 750 million US dollars with a ten-year maturity (2035), with semiannual coupon rates of 9.25% and 9.78%, respectively.

It adds that the order book records investment intentions worth 6 billion US dollars, demonstrating the credibility and confidence of international markets in the Angolan economy.

This is the first sovereign debt issuance since 2022, when Angola also raised 1.75 billion US dollars.

Angola debuted in the international capital markets in 2015 with the “Palanca I” operation, which raised 1.5 billion US dollars, followed by new issuances in 2018 (3.5 billion US dollars) and 2019 (3 billion US dollars), distributed in two tranches.

Eurobonds are debt securities denominated in a currency
other than that of the country or market in which they are issued. They are underwritten by an international banking union and distributed across several countries.

Eurobond issuances aim to diversify financing sources, optimize public debt management, and contribute to budgetary balance, in line with the country’s risk perception and the global economic climate.