Angola raises $1.5 billion in debut Eurobond

Whatapp News

Luanda – Angola has raised a total of 1.5 billion dollars in its debut Eurobond with a yield of in 9.5 per cent maturing in 10 years.

Its proceeds would be used for long-term economic development, the finance minister said on Thursday.

“This inaugural issue is an extremely important step for our country.[pro_ad_display_adzone id=”70560″]

“We view this as the beginning of a long-term relationship with the international capital markets,” Finance Minister Armando Manuel said in a statement.(Reuters/NAN)

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