Sat, 23 May 2020 15:35 - Updated Sat, 23 May 2020 15:10
BFA becomes preferred treasury bonds operator
Luanda - The Banco de Fomento of Angola (BFA) has been constituted the Preferential Treasury Bond Operator (PTTO) of Angola’s Finance Ministry, following an agreement signed on Friday with the Public Debt Management Unit (UGD), ANGOP learnt on Friday.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
As an PTTO, BFA, henceforth consistently places and trades debt securities on the domestic and international markets.
PTTO are similar to market makers, that is, market promoters and in Angola this similarity is obtained through a request to the Public Debt Management Unit by members of the Angola Securities Exchange (BODIVA).
The agreement signed by the UGD general manager and the Chairperson of the Executive Committee of BFA, Walter Pacheco and António Catana, respectively, emerges from a continuous process of improvement and dynamisation of the public debt market that is being developed by the UGD, BODIVA and the BNA.
The creation of the OPTT is a significant step towards the dynamism and consolidation of the market, as it will improve the issuing and raising financing process and to facilitate the appropriate price formation of the different instruments traded in the domestic market for securitized public debt.
- 23/05/2020 15:15:00
Luanda - The Assets and State Participation Management Institute (IGAPE) is to hold on May 28 a hearing session to present four hotel units expected to be sold under the privatization process underway in the country.
- 23/05/2020 14:47:20
Luanda - The National Bank of Angola (BNA) launched on Friday, a synthetic survey aimed at gathering information on the impact of the covid-19 on the productive and commercial activity of the Small and Medium Sized Enterprises (PME).
- 23/05/2020 14:45:57
Dondo - A total of 961 hectares of arable land have been manually cropped by more than 5,000 peasant families during the second season of the 2019/2020 agricultural year (January to April), in Cambambe municipality, northern Cuanza Norte, due to the lack of tractors.