Angola Seeks to Open Local Bond Market
Angola is taking steps to open its domestic bond market to foreign investors and is in talks with JPMorgan regarding a new frontier market debt index. Finance Minister Vera Daves de Sousa noted the move aims to broaden the funding base.
Xurve View
Insights:
Xurve View
Angola is moving to open its $18.6 billion domestic government bond market to international investors, targeting inclusion in a new JPMORGAN CHASE & CO debt index. Finance Minister Vera Daves de Sousa said the oil producer aims to broaden its funding base and deepen local capital markets. The initiative seeks to reduce dependence on hard-currency borrowing and lower overall funding costs.
