Luanda, May 21, 2026 (Lusa) – Angola's finance ministry announced on Thursday a new Eurobond (foreign currency debt securities) issuance worth $1.5 billion (about €1.3 billion), the second such operation in 2026.

A ministry statement said the operation attracted demand of about $4.01 billion (about €3.45 billion), which the ministry interpreted as a sign of "confidence in the country's macroeconomic trajectory and financial policy consistency."

The ministry structured the initiative as an integrated liability management operation, combining the buyback of two outstanding Eurobonds with the issuance of new debt instruments maturing in 2031 and 2037, at rates of 8.25% and 9.5%, respectively.

The ministry's first 2026 issue in March totalled $2.5 billion (about €2.15 billion), which it split into two tranches: one of $1.5 billion at a 9.25% rate and seven-year maturity, and another of $1 billion at a 9.8% rate and 11-year maturity.

The statement noted that the fundraising aims to improve the public debt profile, reduce refinancing risks, and balance the maturity schedule.

This strategy simultaneously supports budget execution under the 2026 annual borrowing plan (the government's yearly debt schedule) and the 2026-2028 medium-term debt strategy.

Angola began issuing Eurobonds in 2015 with a $1.5 billion issuance and has since raised more than $14 billion in international markets.

RCR/LYT // ADB.

Lusa