Africa-Press – Angola. Angola’s Ministry of Finance will receive a loan of 400 million dollars from the North American bank JP Morgan, having issued a public debt of 1.5 billion dollars as collateral.
According to the economic studies office of Banco Fomento Angola (BFA), the public debt issue was made on December 27th of last year, with a spread of 650.6 basis points and with maturity on December 31st, 2030, and serves to guarantee the loan of 400 million dollars (390 million euros) from JP Morgan, but also “presumably other operations”, says BFA.
“These bonds are currently being traded at a yield of 4.5%, placing the Angolan issue at a yield of around 11%, in line with current Angolan debt yields on the secondary market, and well above the latest issues, namely in 2022, when Angola issued 10-year debt at 8.75%”, reads the note analyzing the operation.
According to presidential decree 235/2024, of December 20, consulted by Lusa, the Government “approves the issuance of new series of Eurobonds in international markets as collateral for operations that allow raising financing up to the limit of 1.5 billion dollars”, around 1.46 billion euros.
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