Angola pays interest of almost 17 pct for 364-day financing

8 March 2016

Public debt securities in the form of Treasury bills placed by the National Bank of Angola (BNA) in the week ended 4 March will pay almost 17 percent in their longest maturity, according to information provided by the central bank.

The BNA, as the State’s operator, last week placed 36.600 billion kwanzas in treasury bills at rates of 14.21 percent, 15.52 percent and 16.99 percent for maturities of 91, 182 and 364 days, with increases of 0.06, 0.02 and 0.41 percentage points, respectively, over the previous week.

Overall, the Angolan central bank placed treasury bonds amounting to 49 billion kwanzas, 12.4 billion of which in the form of Treasury bonds with maturities of 2 and 5 years, paying rates of 7.00 percent and 7.75 percent, respectively.

The National Bank of Angola also carried out the sale of foreign currency in the amount of 115.3 million euros for the acquisition of raw materials and equipment for the manufacturing sector, government sector programmes, telecommunications and airlines. (macauhub/AO)