Angola, Unfazed by Market Havoc, Plans $3 Billion Eurobond

  • Sale to help finance national budget due to slump in oil price
  • Dollar yields have soared as bonds trade at distressed levels
Photographer: Simon Dawson/Bloomberg
Lock
This article is for subscribers only.

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

Angola, whose dollar bonds are trading at distressed levels following the global risk sell-off, said it’s planning to raise as much as $3 billion in a Eurobond sale to help finance a budget deficit expected to widen as the plunge in oil prices cuts government revenue.