Angola raises $1.75B in eurobond sale

Angola raises $1.75B in eurobond sale

Angola raised $1.75 billion through a eurobond offering, its first issue in three years, making it the latest African nation to sell dollar-denominated debt. Kenya’s $1.5 billion eurobond sale last week was almost five times oversubscribed, which points to the demand for high-yielding bonds from African issuers.A number of African countries are considering debt offers at a time when the region’s improving economic outlook is likely to reduce per…

Angola raises $1.75 billion in dual-tranche Eurobond issue

Angola has successfully raised 1.75 billion dollars through a Eurobond issue. This marks the nation's return to international capital markets. Investor demand for the bonds reached 6 billion dollars. The country issued a 1 billion dollar five-year bond and a 750 million dollar ten-year bond. This borrowing occurred under favourable market conditions.