Angola concluded Wednesday the placement of an issue of eurobonds totalling US$1.5 billion, according to a statement issued in Luanda by the Ministry of Finance.

The issue has a maturity of 10 years and a coupon with an interest rate of 9.5 percent, the statement said.

The finance minister, Armando Manuel, cited in the statement said: “This inaugural issue is an extremely important step for our country and we see this as the beginning of a long-term relationship with the international capital markets.”

Goldman Sachs International acted as leader of the consortium of banks that structured the operation, which included Deutsche Bank and ICBC International.

To ensure the success of the issue, a delegation led by Finance Minister Armando Manuel, recently held a roadshow in European and American markets, specifically in the cities of London, San Francisco, Los Angeles, Boston and New York. (macauhub/AO)