"We are looking at everything with tranquility", said the minister in statements to the financial information agency Bloomberg, adding that the window to issue international public debt "can appear at any time".
The minister's statements follow the presentation of the national indebtedness plan, which provides for the issuance of sovereign debt by the end of this month, in an indicative amount of US$2.8 billion.
Angola is seeing the market react after Nigeria, the biggest oil producer in sub-Saharan Africa, issued US$1.25 billion last week, having seen an increase in interest demanded by investors, of around 6 per cent. percent two years ago to 8.3 percent last week.
The war in Ukraine and the increase in interest rates by the Federal Reserve made market conditions "more difficult", according to the director of Chapel Hill Denham, one of the companies involved in the Nigerian issuance, which had triple the offers compared to to the issued value.
"To be able to raise capital in the foreign currency debt market during these times is commendable," he concluded.
According to the debt plan, available on the Finance website since 8 February, Angola expects to raise US$10.74 million this year, of which up to US$2.8 billion is expected to be raised in international markets through the issuance of debt in foreign currency (Eurobond).
The second oil producer in sub-Saharan Africa also plans to contract international loans and financing from commercial, bilateral and concessional entities in the amount of 2 billion kwanzas.
Domestically, Angola expects to borrow US$4.76 billion, divided into US$320 million in contractual debt and US$4.44 billion in securitized debt.
In order to "mitigate the risks inherent to the debt", Angola plans to "prioritize concessional financing, favor medium and long-term instruments, limit the granting of public guarantees, the possibility of early redemption of indexed securities, reduction of the stock of indexed securities and of debt guaranteed with oil and the smoothing of external debt maturities, through the preventive restructuring process".
Among the main constraints, the indebtedness plan points out the "considerable commitment of tax revenues in the payment of government debt service, the difficulty in raising funds as a result of the current contractionary monetary policy, the preference of the main investors in the domestic market, commercial banks , in allocating its liquidity in currency auctions, and the difficulty in obtaining new financing due to exposure to country risk".
The Government expects to reach the end of this year with public debt at 73 percent of GDP, reducing the debt-to-GDP ratio by 12 percentage points, which should have closed at 85 percent in 2021.
