As Eurobond Investors Boo Zambia, They’re Now Cheering For Angola

Image via Bloomberg.

While Zambia is getting pummeled by investors for signaling that it’ll have to delay some Eurobond repayments, Angola is enjoying the opposite following bold reassurances from Osvaldo Joao, the state secretary for finance. ““We will always pay,” he told Bloomberg on Monday.

Rather than reprofile its Eurobond debt, Angolan policymakers have instead opted to restructure its loan portfolio with the International Monetary Fund and China.

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