africa Angola Banking Economy Finance Government

US$3B public debt issuance shows investors’ trust in Angola

The British magazine The Economist says the issuance of 3 billion US dollars of the Angolan public debt shows the investors’ clear trust in the country.

The Economist Intelligence Unit (EIU) considers that the level of bid and the volume of public debt made available in the market by the Angolan government proves the confidence the investors have in the economic policies being undertaken by the Angolan president, João Lourenço.

“The fact that there was over 500 investors with offers of USD nine million, in overall, and interest rates lower that it was expected reflects the increased confidence in the local policy” writes The Economist magazine.

Source: Angop

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