📈 Business
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Bloomberg
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Angola to Use $500 Million of Eurobond Funds to Buy Back 2028 Debt
Angola will allocate $500 million – one fifth of the proceeds from its recent eurobond sale – to buy back debt maturing in 2028, Finance Minister Vera Daves de Sousa announced. The remainder of the eurobond funds will be directed toward general government spending. The move is part of Angola's broader public debt management strategy.
Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government spending, Finance Minister Vera Daves de Sousa said.