Angolan Treasury Bonds now traded in real time

16 November 2016

Real time trading of Angolan Treasury Bonds was launched on Tuesday by Angola’s Finance Minister, Archer Mangueira, who said this new platform can help increase savings levels in the country, the Angolan press reported.

The minister was speaking at the inauguration of the Treasury Securities Exchange Market, which from Tuesday launched buying and selling of securities issued by the Angolan State, and will later be extended to debt issued by companies.

Archer Mangueira said he was fully aware that there were not enough savings in Angola, “something that we need to promote so they can be channeled to private companies that invest and into the execution of public policy.”

The minister added that since May 2015, at the launch of the Treasury Securities Registration Market, bonds worth US$3 billion have been traded, and these trades will now be carried over to the Treasury Securities Exchange Market, with details of prices available on the Internet.

This is a market managed by the Angolan Debt and Securities Exchange (Bodiva) a wholly publicly-owned company created in 2014 to manage regulated securities markets, as part of the Angolan Capital Market Commission (CMC).

Since Tuesday Angola also has a central securities clearing house that will be responsible for custody, clearing and settlement of securities traded on regulated markets, the Ministry of Finance said.

The opening of the clearing house will also drive the appearance for other stock segments, especially the bond and share market and facilitates their admission and trading on a regulated market. (macauhub)