Bank of Angola issues public debt at an interest rate of 16.58 pct

1 March 2016

The National Bank of Angola (BNA) placed public debt issued in the form of Treasury Bills in the week from 22 to 26 January at interest rates between 14.15 percent and 16.58 percent, the Angolan central bank said.

In the week in question, the BNA, as the state operator, placed treasury securities in the primary market totalling 58.1 billion kwanzas, 43.3 billion in Treasury Bills and 14.8 billion kwanzas in Treasury Bonds.

Treasury Bonds, which have higher repayment periods than the Treasury Bills were placed with interest rates of 7.0 percent, 7.25 percent and 7.77 percent for maturities of two, three and five years, respectively.

Interest rates recorded in Treasury Bills amounted to 14.19 percent, 15.50 percent and 16.86 percent for maturities of 91, 182 and 364 days, respectively.

In the segment of direct sales of securities to the public last week the BNA also placed a total of 1.6 billion kwanzas, which reached interest rates of 16.86 percent (for a year).

In the primary exchange market, the BNA sold foreign currency in the amount of 321.3 million euros, of which 271.3 million was to cover general requirements for importing goods and services.

The central bank also sold 44.5 million euros for private operations, related to the Angolan company AAA Seguro and 5.5 million euros for private operations, related to family support, travel and remittances.

The average sale exchange rate in the primary exchange market, calculated at the end of the week was 159.736 kwanzas to the dollar and 178.747 kwanzas to the euro. (macauhub/AO)