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Sun, 21 Feb 2016 10:16 - Updated Sun, 21 Feb 2016 10:21

Finance Ministry auctions treasury bonds

Luanda - The Finance Ministry, through its Debt Management Unit (UGD), auctioned indexed treasury bonds at maturities of two, three, four and five years on February 11 in Luanda.

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Akz 6.8 million were auctioned at two years maturity, a 100 percent coverage ratio, and interest rate of seven percent, while Akz 2.9 billion went at a maturity of three years, a coverage ratio of 54,76 percent and interest rate of 7,25 percent.

The maturity four involved Akz 3.7 billion, a coverage ratio of 34,8 percent and interest rate of 7,5 percent, whereas the four-year maturity involved Akz 2.4 billion.

In the period of 16-19 February this year, the UGD placed on auction Akz 36.3 billion worth of indexed treasury bonds at the maturities of two, three, four, and five years, before another auction of treasury bills from 10-12 February, at maturities of 91, 182 and 364 days.

(Current exchange rate is about Akz/Usd 150)

Tags Finances  

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