May 2, 2018 / 7:56 AM / 7 months ago

Angola begins marketing dual-tranche bond

LONDON, May 2 (IFR) - The Republic of Angola has opened books on a dual-tranche US dollar bond transaction, according to the leads.

The sovereign has started marketing 10-year notes at 8.50% area and a 30-year tranche at 9.625% area.

The trade is expected to be today’s business via Deutsche Bank, Goldman Sachs and ICBC.

Angola is rated B3 by Moody’s and B by Fitch. (Reporting by Robert Hogg; editing by Alex Chambers)

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