Angolan Yields Surge After Leader Talks of Debt Struggle: ChartBy
Angola may be sub-Saharan Africa’s third-largest economy, but Eurobond investors are now treating it as the third-riskiest. Yields on Angola’s $1.5 billion bond due in November 2025 rose above those of Ghana’s equivalent securities for the first time on July 1 after President Jose Eduardo dos Santos said the oil-dependent nation was reaping “barely enough” revenue to fund its debt. Only Zambia and Mozambique have higher yields among the region’s borrowers.
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