Angola Delays Plan to Sell Eurobond, Turns to Domestic Borrowing

Angola delayed a plan to sell eurobonds this year, citing market volatility that’s undermined investor confidence.

Authorities held a global roadshow earlier this year, which indicated favorable conditions for a sale in April or May, Dorivaldo Teixeira, director general of the Ministry of Finance’s debt management unit, said at a conference in Luanda, the capital, on Tuesday. But rising geopolitical risk and falling oil prices prompted a rethink, he said.