Business and Finance Business and Finance
Tue, May 13, 2025
[ Yesterday Evening ] - HoopsHype
Vince Carter to join NBC Sports
[ Yesterday Afternoon ] - fox17online
Entertainment News: May 13, 2025
[ Yesterday Afternoon ] - WSAZ
Summer science experiments
[ Yesterday Afternoon ] - Forbes
CDW Stock Isn't A Buy Yet
[ Yesterday Morning ] - BBC
Hibernian v Celtic
[ Yesterday Morning ] - BBC
Motherwell v Glasgow City

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


Published on 2025-05-13 10:41:11 -
  Print publication without navigation

  • 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/ ]