AOA/USD: Angola Plans Foreign-Currency Bond Sale to Boost FX Liquidity

Angola’s government is preparing the sale of foreign currency bonds as the oil-producing nation tries to increase the supply of dollars in the economy and ease the pressure on the local currency, the kwanza.

The Finance Ministry plans to offer foreign-currency bonds due in 2031 and 2034 through a book building process, it said in a statement late on Monday. It didn’t say when the sale would take place or how much it planned to raise from the offering.