{"id":16161,"date":"2025-11-26T08:28:43","date_gmt":"2025-11-26T06:28:43","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/angola-to-roll-over-1-billion-jpmorgan-debt-facility\/"},"modified":"2026-02-27T16:31:26","modified_gmt":"2026-02-27T14:31:26","slug":"angola-to-roll-over-1-billion-jpmorgan-debt-facility","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/angola-to-roll-over-1-billion-jpmorgan-debt-facility\/","title":{"rendered":"Angola to roll over $1 billion JPMorgan debt facility"},"content":{"rendered":"<p>Angola will roll over a $1 billion debt facility with JPMorgan that is close to maturity, a senior official at the Finance Ministry told <em>Reuters<\/em> on Tuesday.<\/p>\n<p>&nbsp;<\/p>\n<p>The southern African nation will seek to lower the interest rate of the facility when it is rolled over, the official said without providing further detail.<\/p>\n<p>&nbsp;<\/p>\n<p>The original rate was not disclosed but the finance ministry said in May it was just below 9%.<\/p>\n<p>&nbsp;<\/p>\n<p>Angola and JPMorgan agreed to a $1 billion, one-year derivative contract known as a total return swap almost a year ago, backed by $1.9 billion in Angolan government dollar bonds.<\/p>\n<p>&nbsp;<\/p>\n<p>The bank demanded $200 million in additional security in April after the value of the bonds put up as collateral weakened when the United States imposed steep tariffs on the country.<\/p>\n<p>&nbsp;<\/p>\n<p>The bonds recovered and the government got additional security back. The bond was quoted at 99.8 cents on the Dollar on Tuesday, market participants said.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":16162,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-16161","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Angola will roll over a $1 billion debt facility with JPMorgan that is close to maturity,","published_date":"2025-11-26 10:27:42","news_description":"Angola will roll over a $1 billion debt facility with JPMorgan that is close to maturity,","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16161\/revisions"}],"predecessor-version":[{"id":20088,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16161\/revisions\/20088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16162"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=16161"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=16161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}