Business and Finance
Source: (remove) : reuters.com
RSS • JSON • XML • CSV
Business and Finance
Source: (remove) : reuters.com
RSS • JSON • XML • CSV

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/ ]