Luanda – The Angolan state owned oil company (Sonangol) raised 75 billion kwanzas resulting from the public subscription offer for its 2023-2028 bonds to the stock exchange.
Sonangol states, in a press note, that it had a coverage ratio on the offer of 111.94%, with 1,486 valid orders being submitted, included in the allocation of Bonds, in the proportion of 89.31% of its declaration of acceptance of the offer.
Additionally, Sonangol announces that from September 15th of this year, all ordinary bonds representing the bond loan will be admitted to trading on the Private Bond Exchange Market.
For this process, every investor can sell or buy them, through any of the financial intermediaries that are members of the Angolan Debt and Securities Exchange (BODIVA).
Meanwhile, the oil company thanks all those involved who directly and indirectly contributed to the materialization of this objective.
The launch period for Sonangol 2023-2028 Bonds ran from August 14th to September 13th of this year.
QCB/NE/DOJ
