Ver Angola

Banking and Insurance

BNA makes available a securities portfolio worth 350 million dollars at a rate of 5.90 percent

The National Bank of Angola (BNA) placed Treasury Bonds worth 350 million dollars on the market, to be purchased in kwanzas, with an annual interest rate of 5.90 percent.

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The decision was taken at the last meeting of the Monetary Policy Committee, last week, in view of exchange rate risks and the reduction of currencies in the market, due to the drop in export revenues.

National Treasury Bonds can only be purchased in national currency (kwanza) and have an interest rate ('yield') of 5.9 percent and a residual maturity of three years, with redemption and payment of coupon interest at receive until the due date made in dollars.

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