Ver Angola


Sonangol announces bond issue amounting to 75 billion kwanzas

Sonangol, the state-owned oil company, launched this Monday a bond issue of 75 billion kwanzas, at an annual interest rate of 17.5 percent.


In a statement, Sonangol announced that 7,500,000 bonds will be released to the public, at a unit price of 10,000 kwanzas.

According to the oil company, "this issue is part of the company's strategy to diversify its funding sources, thus allowing it to leverage its operations and strategic investments".

"Sonangol's vision is to become a reference company on the African continent, committed to the country's sustainability and development", emphasizes the national oil company.


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