Angola's $1 bln loan from JPMorgan cost below 9%, finance ministry says

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Tue, May 13, 2025

[ Tue, May 13th ]: reuters.com
Category: Business and Finance

Angola's $1 bln loan from JPMorgan cost below 9%, finance ministry says

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Angola's $1 bln loan from JPMorgan cost below 9%, finance ministry says

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Published in Business and Finance on Tuesday, May 13th 2025 at 10:41 GMT by
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A loan to Angola from JPMorgan, which was the subject of a $200 million margin call during a market selloff caused by U.S. trade tariffs, cost just below 9%, the finance ministry said.

Angola secured a $1 billion loan from JPMorgan at an interest rate below 9%, as announced by the country's Finance Ministry on May 13, 2025. This loan, facilitated through a private placement, aims to support Angola's budget and economic diversification efforts. The ministry highlighted that the interest rate is favorable compared to Angola's previous borrowings, reflecting improved market confidence in the country's economic reforms and stability.

Read the Full reuters.com Article at:
[ https://www.reuters.com/world/africa/angolas-1-bln-loan-jpmorgan-cost-below-9-finance-ministry-says-2025-05-13/ ]

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