Angola to Sell $2 Billion Bonds Locally as Eurobond Delayed
- Preparations continue for shelved Eurobond sale, ministry says
- Finances in Africa's No.2 oil producer strained by oil slump
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Angola, sub-Saharan Africa’s second-largest oil producer, plans to sell as much as $2 billion of bonds in its local market after delaying a debut Eurobond.
Finance Minister Armando Manuel authorized the offer of foreign-currency notes, the ministry said in an e-mailed statement Wednesday in the capital, Luanda.