Angola has kicked off a global roadshow to assess investor appetite ahead of a potential $2 billion eurobond issuance planned for later this year, according to a report by Bloomberg. The oil-producing nation is actively courting investors from the Middle East, Europe, and the United States as part of its strategy to secure favorable terms for its upcoming issuance. The country's senior government officials recently held meetings with potential investors in Qatar, Oman, and the United Arab Emirates, where they presented Angola’s macroeconomic projections and outlined the country’s financial outlook. The delegation will head to Boston and New York to engage with investors in key financial hubs.
The planned eurobond issuance aims to help Angola extend its debt maturities and lower borrowing costs, a critical move as the country seeks to manage its external debt obligations. Angola last tapped international debt markets in 2022. The country faces an $864 million bond repayment in November, adding urgency to its efforts to refinance and stabilize its debt profile.
