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Issuer developmentsAngolaDeveloping story

JPMorgan resumes US dollar clearing services in Angola, reopening correspondent access

On 27 Oct 2025 JPMorgan confirmed it will provide US dollar clearing services in Angola, becoming the first US bank to resume direct dollar correspondent clearing in Luanda after about a decade away. The move restores correspondent accounts for Standard Bank Angola and reduces transaction frictions for Angolan banks and corporates.

MSA Market DeskEvent 27 October 2025Reviewed 2 min read

The desk brief

On 27 Oct 2025 JPMorgan confirmed it will provide US dollar clearing services in Angola, becoming the first US bank to resume direct dollar correspondent clearing in Luanda after about a decade away. The move restores correspondent accounts for Standard Bank Angola and reduces transaction frictions for Angolan banks and corporates.

Direct USD clearing reduces settlement frictions and lowers operational costs for Angolan banks and corporates, which can mechanically narrow external liquidity premia and ease access to USD funding. The effect on sovereign and bank external funding costs depends on whether improved correspondent access translates into broader investor demand and successful execution of planned USD bond issuance.

Monitor Angola's planned $1.5bn 2025 dollar bond issuance and its timing/pricing.

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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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