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Angolan Eurobonds Plunge Following IMF Negotiation Denial

Allen Dreyfus
  • Angola’s bond yields spike as government denies active IMF discussions
  • Africa-wide Eurobond prices decline in response to Angola’s announcement

Angolan Eurobonds dropped sharply on Tuesday after the government announced it is not engaged in new negotiations with the International Monetary Fund (IMF) for financial assistance, sparking price declines across Africa’s bond markets.

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