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Funding issuanceAngolaDeveloping story

Angola announces plans to open its $18.6bn domestic bond market to foreign investors

On 9 September 2026, Angola's finance minister said the government is developing a framework to broaden access for international investors to its ~17 trillion kwanza (about $18.6bn) domestic government bond market, and is in talks with JPMorgan about possible inclusion in a frontier local-currency debt index.

MSA Market DeskEvent 9 September 2026Reviewed 1 min read

The desk brief

On 9 September 2026, Angola's finance minister said the government is developing a framework to broaden access for international investors to its ~17 trillion kwanza (about $18.6bn) domestic government bond market, and is in talks with JPMorgan about possible inclusion in a frontier local-currency debt index.

Broader foreign participation could reduce Angola's reliance on dollar debt and deepen the local market, potentially compressing local-currency yields over time. However, opening creates a new channel linking foreign portfolio flows and global dollar moves to kwanza valuation and Angola's external Eurobond dynamics; exchange-rate and global-rate volatility could transmit more quickly between these markets.

Luanda investor meetings later in September and the outcome of talks with JPMorgan on index inclusion.

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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%

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