Ver Angola


Country returns this year to international capital markets to sell Eurobonds

The country will return this year to the international capital markets to sell Eurobonds, revealed Vera Daves.


According to a note from the Ministry of Finance, the information was provided by Vera Daves, Minister of Finance, in an interview with Reuters.

It should be noted that the country last issued bonds in dollars at the end of 2019, in order to finance its reforms. However, she ended up seeing "yields rise to around 30 percent during the March 2020 market crash" with the emergence of Covid-19.

According to the statement, "with the fall in borrowing costs, the Government seeks to cover part of its external financing needs of four billion with the sale of bonds".

In the interview with Reuters, the minister also mentioned that the country is working to improve its credit rating in order to reduce the cost of borrowing and thus help to expand its creditor base.

In addition, the finance minister also spoke about the partial privatization of the state oil company Sonangol, considering that this process could take more than two years.


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