The National Bank of Angola (BNA) placed on the market Treasury Bonds worth US$350 million, to be purchased in kwanzas, with an annual interest rate of 5.90%.
The decision was taken at the last Monetary Policy Committee meeting, in view of the foreign exchange risks and the reduction of foreign exchange on the market, due to the drop in export revenues. The National Treasury Bonds can be acquired only in national currency (kwanza), have an interest rate (yield) of 5.9% and a residual maturity of three years, with the redemption and coupon interest payment to be received by the maturity date being made in dollars.