Wall St futures flat amid US-China trade jitters; bank earnings in focus
LONDON - The Republic of Angola announced plans to issue U.S. dollar-denominated benchmark bonds with long 5-year and 10-year maturities, according to a pre-stabilization notice issued Tuesday.
The bonds will be offered in both 144A and Regulation S formats, with the 5-year bonds maturing in 2031 and the 10-year bonds maturing in 2035. Initial price talks indicate yields of approximately 9.75% for the 5-year bonds and 10.50% for the 10-year bonds.
Deutsche Bank AG London will serve as the stabilization coordinator, with Citigroup, Deutsche Bank, J.P. Morgan, and Standard Chartered Bank acting as stabilization managers. The stabilization period is expected to begin Tuesday and end no later than November 25, 2025.
The securities will carry the following ISIN codes: XS3204248440 (RegS) and US035198AH33 (144A) for the 2031 bonds; XS3204755543 (RegS) and US035198AJ98 (144A) for the 2035 bonds.
The aggregate nominal amount of the offering has not yet been determined, according to the press release statement.
The stabilization managers may over-allot securities to the extent permitted by applicable law and may conduct transactions to support the market price of the securities during the stabilization period.
The bonds have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States without registration or an applicable exemption.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.