BFA - Angola Weekly

Dear subscriber [name],

Please find attached last week’s Angola Weekly.

Highlights:

Civil servants will have a salary increase of up to 25% starting this month;
The financing agreement with JP Morgan that we reported on last week, which included an issue of Eurobonds maturing in 2030 to collateralize the financing, totaling USD 1.2 Billion, led to a slight decline in Angolan public debt yields traded on the secondary market;
In December, the Angolan Debt and Stock Exchange (BODIVA) traded close to AOA 790.73B, an increase of more than 100% compared to the previous month;
At the end of December, International Reserves (IR) stood at USD 15.6B, an increase of around USD 1.1B compared to November;
In the foreign exchange market, the national currency depreciated by around 9.1% against the Dollar and 3.5% against the Euro last year.

Best regards,
BFA

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