This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Angola to Decide on $1bn JPMorgan Deal by November
September 22, 2025
Angola is weighing whether to extend its $1bn total return swap deal with JPMorgan, due to expire at year-end, or raise funds through international markets, according to the head of the nation’s Public Debt Management Unit. The swap, backed by $1.9bn of Angolan bonds, carries an interest rate cost of 9%, less than the 10% yield on its dollar bonds when the transaction was effected. Teixeira noted that Angola could issue debt, repay part of the facility, or extend the swap depending on the cost. The deal drew attention in April when Angola was forced to post $200mn in margin after a sharp drop in oil prices hit its bond values.
In November, Angola faces a $864mn maturity payment on its 9.5% 2025s. Meanwhile, the government is pushing for greater transparency by publishing debt statistics more frequently, moving from quarterly to monthly bulletins and providing data in English. On fiscal planning, officials are adopting a more cautious stance on oil price assumptions after revenues fell short of the $70/bbl used in the 2025 budget.
Angola’s dollar bonds traded weaker with its 9.375% 2048s down by 0.6 points to 84.5, yielding 11.3%.
For more details, click here.
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.