Angolan Finance Minister Vera Daves de Souza says in an interview that the southern African country is looking to cover parts of its funding needs through Eurobond sales. Reuters reports that Angola will return to international capital markets this year to sell Eurobonds, finance minister Vera Daves de Sousa said on Monday, while the partial privatisation of state-oil firm Sonangol could take another two years. The southern African nation last issued dollar bonds in late 2019 to fund its ambitious reforms but saw yields spike to around 30% during the COVID-19 market rout in March 2020. It suffered a series of downgrades that drove its sovereign rating into the “substantial risk” category.
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