Angola has returned to the international capital markets with a US$1.5 billion Eurobond issuance, marking its second sovereign debt operation this year, the Ministry of Finance announced on Thursday, May 21.
The transaction, executed on Wednesday, attracted strong investor interest, with the order book reaching approximately US$4.01 billion, reflecting what authorities described as growing confidence in Angola’s macroeconomic outlook and fiscal policy direction.
The issuance was structured as a liability management operation, combining the repurchase of existing Eurobonds with the issuance of new debt instruments maturing in 2031 and 2037, carrying coupon rates of 8.250 per cent and 9.5 per cent respectively.
According to the Ministry of Finance, the operation is intended to improve the country’s debt profile by reducing refinancing risks and smoothing the maturity structure, while also supporting budget execution priorities outlined in the 2026 State Budget and the Annual Debt Plan.
The Government said the move is aligned with its 2026–2028 Medium-Term Debt Strategy, aimed at strengthening fiscal sustainability and reinforcing Angola’s standing in global financial markets.
Authorities added that the transaction helps consolidate the country’s yield curve and deepen engagement with international investors, positioning Angola to better manage its financing needs while supporting economic development and social priorities.
The Ministry concluded that renewed investor confidence demonstrates improved perceptions of Angola’s financial stability and its commitment to prudent debt management in the years ahead.