On Sale: This Year’s Juiciest Dollar Bond, Paying Close to 10%
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It’s been a while since emerging-market investors could get yields of close to 10 percent on new sovereign dollar bonds. Those days may soon be back.
Angola came to market on Wednesday morning offering a 30-year Eurobond with initial price talk of around 9.625 percent, along with a 10-year tranche at 8.5 percent.