In Angola $2 bln of domestic foreign currency bonds to be issued

The funds raised would be used to finance public expenditure, Manuel said in a statement.

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Angola's President Jose Eduardo dos Santos shows off his inked finger to photographers after casting his vote during national elections in the capital Luanda, August 31, 2012. REUTERS/Siphiwe Sibeko play Angola's President Jose Eduardo dos Santos shows off his inked finger to photographers after casting his vote during national elections in the capital Luanda, August 31, 2012. REUTERS/Siphiwe Sibeko
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Angola will issue $2 billion dollars of foreign currency bonds in its domestic market, Finance Minister Armando Manuel said on Friday, as the oil-producing African country looks to ease pressure on its foreign exchange market.

Angola's President Jose Eduardo dos Santos (L) shakes hands with China's President Xi Jinping during a signing ceremony at the Great Hall of the People in Beijing, June 9, 2015. REUTERS/Wang Zhao/Pool play Angola's President Jose Eduardo dos Santos (L) shakes hands with China's President Xi Jinping during a signing ceremony at the Great Hall of the People in Beijing, June 9, 2015. REUTERS/Wang Zhao/Pool (Reuters)

 

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The funds raised would be used to finance public expenditure, Manuel said in a statement.

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