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Angola Weighs $1 Billion Deal Amid Oil Revenue Decline

9/19/2025

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Summary

Story summary

Angola will decide by November on a $1 billion total return swap deal with JPMorgan, expiring this year.
The deal, supported by $1.9 billion in government bonds, may be renewed or replaced with international market funds.
Current bond yields are around 10%, with officials seeking a better rate than the existing 9%.
Finance officials plan to enhance transparency by regularly publishing debt statistics.
Teixeira emphasized a conservative oil price assumption for the 2026 budget due to recent revenue declines, with Brent crude currently at $67 and projected to drop to $62.98 in 2026.

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Story summary

Angola will decide by November on a $1 billion total return swap deal with JPMorgan, expiring this year.
The deal, supported by $1.9 billion in government bonds, may be renewed or replaced with international market funds.
Current bond yields are around 10%, with officials seeking a better rate than the existing 9%.
Finance officials plan to enhance transparency by regularly publishing debt statistics.
Teixeira emphasized a conservative oil price assumption for the 2026 budget due to recent revenue declines, with Brent crude currently at $67 and projected to drop to $62.98 in 2026.