Angola: BAI Public Offering Raises More Than AOA 50 Million

Luanda — The Public Offering of Ordinary and Sustainable Bonds (debt securities) by Banco Angolano de Investimentos (BAI) raised more than AOA 50.7 million, the Angola Debt and Securities Exchange (BODIVA) announced on Wednesday in Luanda.

The subscription period for the offering ran from 24 August to 14 September, with demand exceeding supply, resulting in a coverage ratio of 113.35% and an allocation rate of 86.34%.

In a statement, BODIVA said that, in response to the demand recorded, the…