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Angola raises $1.5bln with debut Eurobond

Angola raised $1.5 billion with the issue of a debut 10-year Eurobond last week yielding 9.5% The capital will be used to fund long-term economic development in the oil-producing country, and was raised as part of the country’s goal of reducing its dependence on other, more traditional forms of credit including bilateral aid and commercial funds.

Read more at The Africa Report…

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