Tue Feb 24, 2015/Reuters

Angola plans to borrow $10 billion in additional external debt this year, including issuing a debut $1.5 billion Eurobond, as Africa’s second largest crude exporter battles with falling oil prices, two banking sources said.

Angola is hoping to get a $1 billion credit line from the World Bank and borrow billions more from China, the sources said, after a drop in oil prices prompted the Finance Ministry to slash $17 billion off this year’s budget.