7 °c
London
Saturday, April 17, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola plans to issue another US$2B in Eurobonds

FurtherAfrica by FurtherAfrica
February 7, 2019
in Africa, Angola, Banking, Capital Markets, Economy, Finance
Reading Time: 1 min read
0
Angola: Capital market of local currency debt protects economy
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Angola intends to return to the international capital markets in the second quarter of 2019 to issue US$2 billion in Eurobond, included in the Annual Debt Plan (PAE) for the current year, a Finance Ministry source has confirmed.

The 2019 debt plan includes taking on external and internal public debt in the amount of US$12.371 billion, and the source quoted by Jornal de Angola also said that, in addition to issuing Eurobonds, the government also intends to raise approximately US$4.375 million through credit lines from external markets.

The Ministry of Finance source said that the decision to resort to the debt market will still be analysed based on the assessment of the Extended Funding Facility (EFF) approved by the International Monetary Fund (IMF), due in March following a visit by an IMF mission to Luanda.

“If the assessment is favourable, the Government will move ahead with the issue,” said the official.

This will be the third such issue by the Angolan Treasury, which in previous operations raised US$1.5 billion in 2015 and US$3.5 billion in 2018.

Angola’s public debt is estimated at 21.3 billion kwanzas (US$72.45 billion), with government debt of 20.1 billion kwanzas (US$68.49 billion) and government debt (oil company Sonangol and airline TAAG) estimated at 1.164 trillion kwanzas (US$3.96 billion).

Source: Macauhub

Related

Tags: AngolaAngola Ministry of FinanceAngolan TreasuryAnnual Debt PlanEFFEurobondsExtended Funding FacilityFeatureIMFInternational Monetary FundkwanzaLuandaPAESonangolsovereign debttaagанголаأنغولاアンゴラ安哥拉
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Fintech firms ‘stepping up’ to drive financial inclusion

Next Post

Facebook keen on a safer internet in Africa

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

South Africa: Western Cape sees increase in domestic travel over Easter weekend
Weekend

South Africa: Western Cape sees increase in domestic travel over Easter weekend

by FurtherAfrica
April 17, 2021
Water

Zimbabwe to export water to South Africa

by Staff
April 16, 2021
Conference Access to Africa coming to Dakar, Senegal
Conference

Conference Access to Africa coming to Dakar, Senegal

by FurtherAfrica
April 16, 2021
Soon, Africa’s largest utility will not own any power lines
Energy

Tanzania rural electrification project continues to make progress

by Staff
April 16, 2021
Economy

Mozambique: ‘Valuation of the metical only useful if reflected on the economy’

by FurtherAfrica
April 16, 2021
Next Post
Facebook keen on a safer internet in Africa

Facebook keen on a safer internet in Africa

illycaffè and UNIDO partner to improve value chain in Mozambique

illycaffè and UNIDO partner to improve value chain in Mozambique

Cabo Verde introduces new law to produce statistical data

Cabo Verde introduces new law to produce statistical data

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?