Angola adopts the euro bonds of issuance due to the fluctuations of global markets
Angola, the second largest oil exporter in Africa, postponed her plans to issue Europond bonds this year, in light of the increasing state of uncertainty in global markets and the decline in oil prices, which led to a lukewarm in the appetite of investors, according to what a senior official at the Ministry of Finance announced. The issuance of bonds in April or May after a global promotional tour that showed positive indicators, but market fluctuations prompted them to reconsider the decision. 50%, following the decision to increase diesel prices by a third, as part of a plan to reduce fuel subsidies and achieve stability in public finances. By issuing bonds at a fixed interest rate, as part of a strategy to reduce the risk of re -financing. On the other hand, the return on the euroge bonds due in 2028 increased by 7 basis points, to 10.54%, in reference to the increasing anxiety among investors.
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