Skip to content
MSA TraderAFRICAN CAPITAL MARKETS
Sign inRequest access
Market intelligence
Funding issuanceAngolaDeveloping story

Angola prices $1.75bn dual-tranche Eurobond, re-establishing USD sovereign curve

On October 7, 2025 Angola returned to international debt markets by pricing a dual‑tranche Eurobond totaling US$1.75 billion: a US$1.0bn five‑year (maturing 2030/2031) and a US$750m ten‑year (maturing 2035) tranche, with coupon indications and final coupons reported around 9.25–9.78%.

MSA Market DeskEvent 7 October 2025Reviewed 1 min read

The desk brief

On October 7, 2025 Angola returned to international debt markets by pricing a dual‑tranche Eurobond totaling US$1.75 billion: a US$1.0bn five‑year (maturing 2030/2031) and a US$750m ten‑year (maturing 2035) tranche, with coupon indications and final coupons reported around 9.25–9.78%.

The new issuance re‑establishes a medium‑to‑long USD benchmark for Angola and should provide a reference point for comparable‑duration African sovereigns, especially oil exporters. Final tranche pricing, order book composition and tenor splits will determine how much near‑term rollover pressure is eased and whether regional sovereign spreads compress or simply reprice relative to U.S. Treasuries.

Monitor secondary trading and published final yields/OTC prints for each tranche within days for curve reference and spread moves.

Sources & verification

Developing story

Further independent confirmation is required.

Public references supporting this brief.

Was this brief useful?
Back to the briefing

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
11.13%9.88%8.63%7.38%6.14%20282033203920442049Angola 28 · May 2028 · 6.797%Angola 29 · Nov 2029 · 7.927%Angola 31 · Jan 2031 · 8.659%Angola 32 · Apr 2032 · 9.073%Angola 33 · Mar 2033 · 9.451%Angola 35 · Oct 2035 · 9.725%Angola 37 · Mar 2037 · 10.009%Angola 48 · May 2048 · 10.430%Angola 49 · Nov 2049 · 10.468%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Angola 28May 2028102.0636.797%
  • Angola 29Nov 2029100.1887.927%
  • Angola 31Jan 2031102.0008.659%
  • Angola 32Apr 203298.6259.073%
  • Angola 33Mar 203399.6259.451%
  • Angola 35Oct 2035100.8759.725%
  • Angola 37Mar 203799.12510.009%
  • Angola 48May 204891.00010.430%
  • Angola 49Nov 204988.37510.468%

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

Open Price Discovery
All market intelligence