Angola plans to sell about $2 billion in eurobonds to finance its budget and repurchase $1.75 billion of its own 2028 notes, betting on higher crude prices driven by the Iran conflict boosting investor demand. The move comes after a three-year debt market hiatus, with the government offering to buy back the 2028 notes at $1,020 per $1,000 principal, expiring March 30. Crude prices surged nearly 40% since the war began, making non-Middle East producers like Angola more attractive. Citigroup, Deutsche Bank, JPMorgan, and Standard Chartered are managing the buyback. The sale faces challenges in the volatile emerging markets landscape, though Angola's 2035 eurobond yield fell to 9.503% as of Feb 27.