Luanda – The Angolan State-owned oil company Sonangol has said it is taking steps with the competent authorities towards the approval and registration of Credit Titles issuance prospectus for public tender.
According to a note of the national oil company that ANGOP had access to, the launch of the Public Tender will be announced when the prospectus is approved and registered.
On December 3, Sonangol announced that it will issue Securities in local currency (Kwanza) equivalent to 150 million US dollars.
Among the various ways to finance its activities, the oil company is betting on this, which in its view allows the investor to receive periodic interest on a credit title, as well as the amount invested.
This financing model, according to the oil company, will leverage operations and investments based on its 46 years of experience in the oil sector.
Sonangol has said it seeks to become a reference company on the African continent, committed to sustainability and development of the country.
