Contact us (+ 7 (921) 446-25-10)
×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Angola: bonds

Having come from a period civil unrest about a decade ago, Angola is still very much on its recovery path. Angola has continued to record the most impressive economic growth within the continent averaging at 15% between 2002 and 2010. However, despite all the gains made by Angola during its economic boom, money and capital instruments remain inaccessible to many with the non-existence of a stock exchange market.
The country has 18 commercial banks of which two are privately owned and three are state run. Only 10% of the population use banking facilities and few businesses apply for loans as current conditions are not conducive to lending.
The slow growth of the bond market in Angola is further suppressed by the lack of a stock exchange which could provide the much needed infrastructure to propel growth in the domestic money markets. However, there have been efforts to establish a stock exchange in Angola. The legal and regulatory framework has been put in place for the opening of the stock exchange. The national stock exchange will be referred to as the Bolsa de volaros e derivatives de Angola (BVDA). It will be regulated by the Capital Markets Commission, which will also regulate financial service providers such as brokers, traders, and mutual fund managers.
In a bid to manage the country’s debt and reduce its budget deficit, Angola was set to issue its first sovereign bond worth $4 billion in May 2010. Unfortunately this was not realised. The country’s high dependence on oil revenue, which has been perceived as highly risky by foreign investor, was attributed to the postponement of the bond issue. However, it is worthwhile to note that the government has put in place fiscal adjustment measures which have already made noticeable change with the reduction of public debt from USD 13.9 billion in 2008 to USD 12.7 billion in 2010.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
AOA 196 886 752 314 958
USD 4 6 000 000 000
corporate
USD 1 30 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Global *** International scale rating (foreign curr.) ***
Dagong Global *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Angola, 9.375% 8may2048, USD - International bonds XS1819680528 9.375% 1 750 000 000  USD 07/16/2018 05/08/2048
Angola, 8.25% 9may2028, USD - International bonds XS1819680288 8.25% 1 750 000 000  USD 05/02/2018 05/09/2028
Angola International capital, 10% 3dec2019, USD - International bonds XS1303234212 10% 30 000 000  USD 12/03/2015 12/03/2019
Angola, 9.5% 12nov2025, USD - International bonds XS1318576086 9.5% 1 500 000 000  USD 11/04/2015 11/12/2025
Angola, 7% 17aug2019, USD - International bonds XS0814512223 7% 1 000 000 000  USD 08/10/2012 08/17/2019

New issues of Emerging markets International Bonds

Yearly indices

Type: 2017 2016 2015 2014
Annual new International Bonds issues (Africa)
[19801] Annual new issues of Angola sovereign international bonds, USD bln 0.000 0.000 1.500 0.000
[19847] Annual new issues of Angola corporate international bonds, USD bln 0.000 0.000 0.030 0.000
[19893] Annual new issues of Angola corporate international bonds, (financial sector) USD bln 0.000 0.000 0.000 0.000
[19939] Annual new issues of Angola corporate international bonds, (non-financial sector) USD bln 0.000 0.000 0.030 0.000

Emerging Markets International Bonds

Monthly indices

Type: Nov 2018 Oct 2018 Sep 2018 Aug 2018 Jul 2018 Jun 2018 May 2018
Volume of African International Bonds Markets
[21767] Angola international bonds, USD bln 5.218 5.280 5.280 5.280 5.343 4.843 4.843
[21813] Angola corporate international bonds, USD bln 0.030 0.030 0.030 0.030 0.030 0.030 0.030
[21859] Angola sovereign international bonds, USD bln 5.188 5.250 5.250 5.250 5.313 4.813 4.813
show other indices

Currencies

Daily indices

Type: 12/17/2018 12/14/2018 12/13/2018 12/12/2018 12/11/2018 12/10/2018 12/07/2018
Exchange Rates (Emerging Markets)
[12641] USD/AOA 308.3502 308.5354 308.5356 308.5337 309.3859 309.3846 309.6026
show other indices

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Angola, 7% 17aug2019, USD   USD 08/17/2019 05/18/2016 ***.*** *.** 05/18/2016 ***.* *.*
Angola, 9.5% 12nov2025, USD   USD 11/12/2025 05/18/2016 ** **.** 05/18/2016 **.* **.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×