Angola to Use $500 Million of Eurobond Proceeds for Debt Buyback

Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government...

By Jennifer Zabasajja, Henrique Almeida · Bloomberg Markets

Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government spending, Finance Minister Vera Daves de Sousa said.