Ver Angola


Sonangol bond issue is “welcome” for Bodiva

The Angolan Debt and Stock Exchange (Bodiva) this Tuesday welcomed Sonangol's decision to issue bonds worth 150 million dollars, announced by the oil company.


According to the head of Bodiva's Market Development Department, Nivaldo Matias, Sonangol's initiative has not yet been formally made known to the institution, however, the oil company's decision is "welcome".

About the "recent case of Sonangol, we were very happy with the news, with the initiative", said Nivaldo Matias, adding that the process is formalized with the integration of obligations in the Bodiva securities exchange and with the request for admission to trading .

Nivaldo Matias highlighted that they are aware that, in addition to Sonangol, one of the largest companies in the country, other companies in the Angolan financial market are also already considering the capital market as an alternative source of financing to the banking financial system.

"Bodiva's happiness is that there is this consideration on the part of the companies, because it will effectively help what is a financing problem, which many economic agents are complaining about, but because of this brand Sonangol also shows this appetite to the capital market, it will , perhaps, motivate other companies to realize that there is another source of funding", he underlined.

Sonangol said that, at an opportune date, it would issue bonds worth US$150 million, stressing that "among the various methods of financing its activities, the company considered this way that allows investors to receive periodically interest on this bond debt instrument, as well as the amount invested".

"This financing model will leverage operations and investments based on a company with more than 46 years of experience in the oil sector, whose vision is to become a reference company on the African continent, always committed to the country's sustainability and development. ", says the company's statement released last Saturday.

Regarding the listing process this year, which is now ending, of some companies, such as Somoil, the largest private national oil company, Banco Millennium Atlântico, among others, Nivaldo Matias said that there are two or more initiatives on the part of these entities for financing or capital increase within the capital market.

"Somoil has been in contact with us, like Millennium Atlântico and other entities, however, this step depends entirely on the companies in particular", he stressed.

According to Nivaldo Matias, Bodiva has all the conditions, from human, technological and legal, so that these interests can materialize.

"They are brands of the Angolan market since they can have all the expected success, it now depends on the decision of these entities to move forward and hope that they have all the success", he indicated.

"We believe that in 2023/2024 we may have more operations, but even so, many of them are in the process of preparation so that the process has a greater speed of implementation", signaled the person in charge, noting that for the preparation of an issue, companies can need between nine and 12 months, which depending on your organizational component, the period can be shortened.


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