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Issuer developmentsAngolaDeveloping story

Angola to open domestic bond market to foreigners; international issuance conditional on 2027 market

On September 9, 2026 Angola announced plans to open its $18.6bn domestic government bond market to foreign investors and said any return to international bond markets would be conditional on market conditions in 2027, with authorities holding investor meetings in Luanda to gauge demand.

MSA Market DeskEvent 9 September 2026Reviewed 1 min read

The desk brief

On September 9, 2026 Angola announced plans to open its $18.6bn domestic government bond market to foreign investors and said any return to international bond markets would be conditional on market conditions in 2027, with authorities holding investor meetings in Luanda to gauge demand.

Wider foreign access to Angola's onshore kwanza bond market could deepen the local investor base and reduce reliance on USD issuance, shifting some refinancing focus onshore. Conditional, possible 2027 external issuance leaves near-term offshore supply unclear; market access measures (CBN approvals, local banking links) will determine foreign inflows and local yield and secondary Eurobond demand dynamics.

Investor roadshow/meetings in Luanda later in the month to gauge foreign demand and detail access framework.

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Developing story

Further independent confirmation is required.

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Price Discovery

Angola sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

9 priced bonds
11.32%10.05%8.77%7.49%6.22%20282033203920442049Angola 28 · May 2028 · 6.894%Angola 29 · Nov 2029 · 8.113%Angola 31 · Jan 2031 · 8.857%Angola 32 · Apr 2032 · 9.298%Angola 33 · Mar 2033 · 9.678%Angola 35 · Oct 2035 · 9.906%Angola 37 · Mar 2037 · 10.168%Angola 48 · May 2048 · 10.598%Angola 49 · Nov 2049 · 10.646%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Angola 28May 2028101.9386.894%
  • Angola 29Nov 202999.6888.113%
  • Angola 31Jan 2031101.3138.857%
  • Angola 32Apr 203297.6889.298%
  • Angola 33Mar 203398.5639.678%
  • Angola 35Oct 203599.8139.906%
  • Angola 37Mar 203798.12510.168%
  • Angola 48May 204889.68810.598%
  • Angola 49Nov 204987.00010.646%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

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