In light of this agreement, BFA, as the Preferred Treasury Securities Operator (OPTT), will be able to consistently place and trade securities representing debt on the national and international markets, according to a statement made available by the Ministry of Finance to which VerAngola had access.
OPTTs are equated with market makers, that is, market promoters and in Angola this equation is obtained upon request to the Public Debt Management Unit by members of the Angola Debt and Securities Exchange (BODIVA). This certification can be attributed to a bank, bank syndicate or any other financial institution with liquidity to ensure the underwriting of placements.
The agreement signed emerges from a continuous process of improvement and dynamization of the public debt market that is being developed by UGD, BODIVA and BNA, the document also states. This is the result of a series of actions aimed at widening the investor base, increasing funding in the primary market as well as the volume traded in the secondary market and the optimization of interest rates on securities.
The institutions refer that the constitution of OPTT is "a significant step towards the dynamization and consolidation of the market as it will allow to improve the process of issuing and attracting financing and to facilitate the appropriate formation of prices of the different instruments traded in the domestic market for publicly-held debt" .
