Africa-Press – Angola. Sonangol announced, this Tuesday, that it is taking steps, with the competent authorities, for the approval and registration of the bond issue prospectus, within the framework of the launch of the Public Offer.
According to a note from the national oil company, the launch of the Public Offer will be publicized when the prospectus is approved and registered.
On December 3 of this year, Sonangol announced to interested parties the issue of bond securities, worth USD 150 million in kwanzas.
Among the various ways to finance its activities, the oil company opts for this route, which in its opinion allows the investor to periodically receive interest on this bond debt instrument, as well as the amount invested.
This financing model, according to the oil company, will leverage operations and investments, based on 46 years of experience in the oil sector.
Thus, Sonangol seeks to become a reference company on the African continent, committed to the sustainability and development of the country.
For More News And Analysis About Angola Follow Africa-Press
