Angola: Cabinda threat, Eurobond auction
- February 28, 2019
- - 6:02 pm
The Angolan government intends to auction $2 billion in Eurobonds during the second quarter this year. Due diligence the Angolan government has disclosed for previous Eurobond auctions, which most recently include three issuances worth $3.5 billion in 2018, factored in the risk to the Angolan macroeconomy posed by rebels in the country’s Cabinda exclave threatening oil and gas production and personnel. Though Cabinda rebels politicked in 2018, on February 28 they escalated their campaign for autonomy – if not independence – by announcing a resumption of an armed struggle, and warned that oil and gas personnel should take cover. The …
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