The Angolan Government announced this Tuesday (2) a new issuance of Foreign Currency Treasury Bonds (OT-ME), amounting to 150 million dollars, intended to finance the 2025 General State Budget.
According to a statement from the Ministry of Finance, the fundraising will be carried out through a bookbuilding process (a mechanism in which investors submit subscription proposals to assess demand and define the final conditions of the operation), with maturities of 5 and 8 years, maturing on 13 August 2030 and 13 August 2033.
This phase includes two auctions: 75 million dollars with maturity on 13 August 2030 and a 5% interest rate, and another 75 million dollars maturing on 13 August 2033 with a 7% interest rate.
Subscriptions run from 03 to 19 December, and may be made through banks and other authorised intermediaries, with settlements scheduled for 12 and 23 December, it adds.
The Ministry of Finance states that the operation is part of the strategy for internal financing, diversification of funding sources and promotion of the capital market, ensuring the economic and social objectives set out in the 2025 General State Budget.
Source: Lusa
