Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Angola Plans 20-Year Kwanza Bond Sales to Boost Central Bank

Angola, Africa’s second-biggest oil producer, plans to sell two 20-year bonds to raise 58.7 billion kwanza ($601 million) to strengthen the central bank and a state-owned lender, according to presidential decrees.

Dates for the debt issues weren’t included in orders from President Jose Eduardo dos Santos that were listed in a government gazette this month. Amilcar Xavier, a spokesman for the Finance Ministry in the capital, Luanda, said by phone yesterday he couldn’t immediately respond to e-mailed questions seeking comment.

Finance Minister Armando Manuel can issue 20-year Treasury bonds valued at 31.29 billion kwanzas to allow the National Bank of Angola to meet its capital needs and fund monetary policy operations, according a decree dated Jan. 10. Manuel may also issue debt due in two decades worth 27.44 billion kwanzas to bolster the capital levels and increase the lending capacity of Banco de Desenvolvimento de Angola, which funds development projects such as roads, rail and power, a Jan. 9 decree shows.

Angola will also sell an unspecified amount of bonds to support spending in the 2014 budget, according to a separate Jan. 9 decree. The debt issue aims to increase the involvement of Angolan financial institutions in long-term funding of projects to help rebuild the country after a 27-year civil war that ended in 2002. The government may sell 670.4 billion kwanzas of debt, separate budget documents show.

Manuel has the authority to determine the currency, interest rate and maturity of the debt issues supporting the budget, the decrees show.

Angola pumped 1.48 million barrels a day in January, second to Nigeria on the continent, according to data compiled by Bloomberg.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.