Secondary debt and business market may be launched in Angola this year

24 May 2013

Trading of public debt bonds on the secondary market in Angola may begin this year, as the Installation Commission of the Regulatory Markets Management Company has been named, the chief executive of the Capital Markets Commission (CMC) said Thursday in Luanda.

Patrício Vilar said that the presidential dispatch gives the CMC a deadline of 180 days for the Regulatory Markets Management Company to start operating and added that working meetings should be held with a view to reducing that period of time.

Vilar noted that the Commission had identified technological trading platforms and others needed for trading to be carried out.

“We think it is a matter of a few more months, just a few, so we will be able to launch trading (…) without having to have daily pricing, with prices listed based on supply and demand as it occurs,” he said.

According to Vilar, the market will begin by trading public debt and bonds issued by companies, and the stock market is expected only to start operating in 2016.

Last April the Angolan government approved a number of diplomas to regulate capital markets in the country, include one to launch the Regulatory Markets Management Company as well as one to outline the operating strategy of the Capital Markets Commission. (macauhub)