The Angolan Ministry of Finance plans to issue indexed Treasury Bonds worth 18.8 billion kwanzas (US$138 million) from 10-13 November, according to a statement issued in Luanda.
These bonds, which will be placed by the National Bank of Angola on behalf of the Debt Management Unit (Unidade de Gestão de Dívida – UGD), part of the Ministry of Finance, have maturities of 2, 3, 4, and 5 years.
From 3 to 5 November the Debt Management Unit placed 634 million kwanzas (US$4.6 million) in government bonds with a maturity of two years and a coupon with an interest rate of 7.0 percent.
In terms of fiscal revenue in advance of operations and short-term financing, the UGD, also through the BNA, on 6 November held an auction of Treasury bills (BT) with maturities of 91 and 364 days .
For the 91-day maturity 15.27 billion kwanzas were placed at an interest rate of 10.48 percent and for 364 days 3.5 billion kwanzas were placed with an interest rate of 10.55 percent.
Fixed income securities issued by the Angolan State – Treasury Bills and Treasury Bonds – the former being short-term and the latter medium and long term, with the primary purpose of ensuring the financing of government activities. (macauhub/AO)