The Government of Angola successfully raised 2.5 billion dollars in international financial markets through a new issuance of sovereign Eurobonds, exceeding its initial target of 2 billion dollars and marking a significant achievement for the country’s external financing strategy.
Announcing the results on Wednesday, March 25, after the 3rd Ordinary Session of the Council of Ministers, Minister of State for Economic Coordination José de Lima Massano described the operation as “historic,” highlighting strong investor demand that far outstripped expectations.
The issuance attracted around 5.2 billion dollars in bids, reflecting heightened confidence in Angola’s economic prospects, particularly from investors in the United Kingdom and the United States.
The Eurobonds were structured in two tranches: 1.5 billion dollars with a seven‑year maturity and 1 billion dollars with an 11‑year maturity. Notably, the interest rates achieved were lower than in Angola’s previous issuances, indicating favourable borrowing conditions despite ongoing volatility in global markets.
According to government officials, the capital raised will support the execution of programmes outlined in the 2026 General State Budget (OGE) and assist in settling outstanding financial obligations, including payment orders due within the legal 90‑day period.
Government authorities emphasised that this operation—one of the largest single‑day sovereign bond issuances by a sub‑Saharan African country in recent times, exceeded only by benchmarks set by South Africa and Nigeria—serves as a strong signal of investor trust and strengthens Angola’s position in international capital markets.