Angola Considers Return to Eurobond Market as Yields Ease

Angola will likely return to international debt markets, although probably not this year, as yields on the oil-rich nation’s eurobonds continue to ease from record highs that forced a delay of planned issuance.

“Angola sees the international debt market opening up to the country again,” said Dorivaldo Teixeira, head of Angola’s debt-management unit, in a telephone interview from Luanda, the capital. “It’s still unlikely that Angola will issue a eurobond this year. This can only happen if financing costs in international markets continue to fall.”

The southern African country held a global roadshow earlier this year, which indicated favorable conditions ...