Sonangol taps the bond market in an unprecedented $150m deal
The Angolan state-owned oil company has never resorted to issuing debt on the market. It wants to attract investors as its accounts recovered strongly in 2021. The group is following the example of the Angolan state, which successfully raised money this year with the support of Citi, Deutsche Bank and Norton Rose.
Someone shares this article with you
▪ Sonangol taps the bond market in an unprecedented $150m deal
▪ The Angolan state-owned oil company has never resorted to issuing debt on the market. It wants to attract investors as its accounts recovered strongly in 2021. The group is following the example of the Angolan state, which successfully raised money this year with the support of Citi, Deutsche Bank and Norton Rose.
▪ https://www.africabusinessplus.com/en/814093/sonangol-taps-the-bond-market-in-an-unprecedented-150m-deal/
Sonangol intends to raise the equivalent in kwanzas of $150 million on the bond market. However, the state-owned oil group, headed by Sebastião Gaspar Martins since the dismissal of his predecessor in 2019, did not provide details on the timetable for this fundraising nor the conditions for its implementation.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.