Angola places Treasury Bills at a rate of almost 18 pct

6 April 2016

Last week the Angolan state raised funds at a rate of almost 18 percent, when the National Bank of Angola (BNA) placed 63.8 billion kwanzas of treasury bills with maturities of 91, 82 and 364 days, the central bank said.

BNA, as the State of the operator, issued that amount of Treasury bills with maturities of 91, 182 and 364 days at average interest rates of 14.97 percent, 16.99 percent and 17.85 percent, respectively.

The central bank also placed 14.5 billion kwanzas in treasury bonds, with maturities of 2, 3, 4, and 5 years at rates of 7.00 percent, 7.25 percent, 7.50 percent and 7.75 percent, respectively.

In direct sales to the public sector, BNA placed 3.6 billion kwanzas in treasury bills with maturities of 91 and 182 days, with average interest rates of 14.98 percent and 17.00 percent, respectively .

In the same week, the central bank sold 110 million euros to commercial banks, 90 million euros at an auction to cover general import needs of companies providing services to the oil sector and 20 million euros for private operations. (macauhub/AO)