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    Angola issues US$1.5 billion Eurobond

    Angola released Thursday into the international financial market sovereign debt bonds in the form of Eurobonds worth USD 1.5 billion, Angop learned.

     

    This is in line with the Government's public finance management policy and the long term economic and financial development programme.

     

    According to a Finance Ministry note that reached Angop on Thursday, among the benefits resulting from this measure, stress goes to the diversification of external financing sources.

     

    The note adds that with the establishment of long term funding sources in the process of sovereign issue, the country gains the opportunity to lay its bases long term relations with international investors in all relevant world financial centres.

     

    According to the Finance Ministry, the likely growth in the process of creation of the international reserves - issue of international bonds - can boost the incoming of foreign capitals and thus increase the international reserves.

     

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