Eaglestone Securities comment on Macauhub Angola expands funding sources by issuing bonds backed by Chinese bank ICBC

Angola expands funding sources by issuing bonds backed by Chinese bank ICBC

"As mentioned by the Angolan authorities, this issue will enable the country to become less dependent on traditional sources of credit," said Eaglestone in a statement after the results announcement. The consultancy said demand for the issue was "very significant", which could "lead the Angolan authorities to consider issuing more Eurobonds in the future." Eaglestone Securities said the additional credit now obtained is expected to raise Angolan public debt levels by almost 15 percentage points to 57 percent of GDP in 2015.

http://www.macauhub.com.mo/en/2015/11/09/angola-expands-funding-sources-by-issuing-bonds-backed-by-chinese-bank-icbc/