Africa-Press – Angola. Sonangol registered the full subscription of seven million and 500 thousand bonds, with an amount to be collected by the issuer of 75 billion kwanzas, within the scope of the 2023-2028 Bond issuance process.
In a note, the Angolan state oil company states that it had a coverage ratio on the offer of 111.94%, with 1,486 valid orders being submitted, included in the allocation of Bonds, in the proportion of 89.31% of its declaration of acceptance of the offer .
Additionally, Sonangol announces that from September 15th of this year, all ordinary bonds representing the bond loan in question will be admitted to trading on the Private Bond Exchange Market.
For this process, every investor can sell or buy them, through any of the financial intermediaries that are members of the Angolan Debt and Securities Exchange (BODIVA).
Meanwhile, the oil company thanks all those involved who directly and indirectly contributed to the materialization of this objective.
The launch period for Sonangol 2023-2028 Bonds ran from August 14th to September 13th of this year.
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