Republic of Angola Enters Eurobond Markets with 10-year benchmark bond of US$1.5 billion
Luanda, Angola, Capital Markets in Africa — Republic of Angola launched its first 10-year benchmark Eurobond on Thursday with the aim of raising US$1.5 billion for long-term economic development and to benchmark the country, according to the Angolan Finance Ministry. The Finance Ministry stated also that a sovereign issuance could enhance Angola’s transparency in the management of its public accounts and better manage the state’s financing costs. The statement further emphasized that the sovereign debt…
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