Angola delays dollar bond issue until 2014

7 October 2013

Angola’s first debt issue outside the country is expected to take place only in 2014 and the previously announced amount of US$1 billion has yet to be set, Angola’s Finance Minister said in Luanda.

Last February, a statement issued by the Angolan President’s Support Department, said that in 2013 Angola would issue debt abroad for the first time, through a US$1 billion bond issue.

On the sidelines of a conference on tax strategy, Minister Armando Manuel noted that it was the Finance Ministry’s responsibility to ensure tax revenues for Angola’s development, Jornal de Angola reported. (macauhub)