Africa-Press – Angola. The total service of the securitized debt, until December 2022, amounted to Kz 3,835 billion (USD 8.43 billion), of which Kz 2,715.90 billion paid in repayments.
The value of amortizations corresponds to 73%, while 27%, amounting to 1,119 billion (USD 2.47 billion) corresponds to the payment of interest.
According to the 2022 annual report, recently published by the Debt Management Unit (UGD), attached to the Ministry of Finance, the service of Treasury bonds in national currency corresponded to the largest share in the order of 72%.
Treasury Bills (BT) corresponded to 12%, while Treasury Bonds in Foreign Currency (OT-ME) stood at 16%.
Also according to the document, on 31 December 2022, the total stock of National Treasury bonds amounted to 9.760 billion kwanzas.
Of this value, OT-MN appear with a stock of Kz 7,567 billion (77%), OT-ME with Kz 1,731 billion (18%) and BT with Kz 465,116 billion (5%).
By type of creditor, the stock of debt denominated in national currency is mostly held by commercial banks (64%), followed by non-banking companies (12%), the National Bank of Angola (8%), pension funds and investment (7%), individuals, the National Institute of Social Security (4%) and insurance companies (1%).
For the period 2023 to 2027, the UGD foresees a significant reduction in the service of securitized debt, both in capital and interest and in instruments.
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In the reference period, 2022, issues of Treasury Bonds in National Currency (OT-MN) totaled Kz 2,130 billion, with maturities ranging from 2 to 10 years.
Of this amount, 1.469 billion were issued at auction and through the Investor Portal, Kz 128.45 billion were issued to settle arrears.
Another Kz 216.81 billion was used for capitalization of public institutions, Kz 272.03 billion for securities exchange operations and Kz 43.84 billion for direct financing of projects.
Issuance of Treasury Bills (BT) in 2022 amounted to Kz 488.68 billion, with maturities of 91, 182 and 364 days, the latter representing 54%.
Issuance of Treasury Bonds in Foreign Currency (OT-ME) recorded a volume of 462.89 billion kwanzas, with maturities between 3 and 7 years.
In terms of risk analysis of the bonded debt portfolio, the UGD points out indicators such as interest rate, refinancing and exchange rate risk.
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