London Stock Exchange welcomes H.E. Mr. Archer Mangueira to celebrate Angola's sovereign bond

London Stock Exchange welcomes H.E. Mr. Archer Mangueira to celebrate Angola's sovereign bond

This morning London Stock Exchange welcomed the launch of Angola’s $3 billion Eurobond, the country’s biggest international bond and the first international issuance since 2015. The dual-tranche listing raised $1.75billion in ten-year notes at a yield of 8.25 percent, and $1.25 billion in 30-year notes at a yield of 9.375 percent. The bond was oversubscribed by close of business on Wednesday, 2 May. Angola’s sovereign bond will help develop the yield curve for Angolan sovereign issuances and raise the country’s international profile.

Nikhil Rathi, CEO, London Stock Exchange Plc, welcomed His Excellency Archer Mangueira, Minister of Finance of Angola; Harriett Baldwin MP, UK Minister for Africa, and The Rt Hon Baroness Northover, UK Prime Minister’s Trade Envoy to Angola, to open London’s trading today and celebrate Angola’s successful Eurobond launch.

Nikhil Rathi, CEO, London Stock Exchange Plc:
“We congratulate Angola on the issuance of its biggest sovereign Eurobond and first international listing since 2015. As a global capital market, London Stock Exchange is committed to supporting Angola’s economic development and growth programme. The success of the issuance reinforces the exceptional investor interest in building exposure to the country’s dynamic economy.”

London Stock Exchange Group Africa credentials

• There are 108 African companies listed or trading on London Stock Exchange – more than on any other international stock exchange
• These companies have a total market capitalization of over $200 billion, and in the last 10 years have raised more than $16 billion on our markets
• London Stock Exchange is home to 23 African sovereign bonds listed, from Egypt, Namibia, Nigeria, Zambia and Kenya
• In April 2018, ELITE, London Stock Exchange Group’s business support and capital raising programme, signed a Memorandum of Understanding (MoU) with Nairobi Securities Exchange and FSD Africa to explore the launch of ELITE in Kenya, with support from DFID
• In March 2017, LSEG launched its inaugural ‘Companies to Inspire Africa’ report, a landmark publication identifying hundreds of the fastest-growing and most dynamic private businesses across Africa, 3 Angolan companies were included
• In March, LSEG launched a report with PWC, ‘Companies to Inspire Africa- One Year On’ that 75 African companies that had raised investment in the last year
• In June 2017, Nigeria raised $300 million through its first Diaspora Bond on London Stock Exchange. The retail bond was aimed at Nigeria’s global expatriate community seeking to invest in the country’s development. It was the first bond of its kind from sub-Saharan Africa.
• LSEG market infrastructure technology is deployed in more 12 African markets, including Nairobi Securities Exchange, Botswana Stock Exchange, Casablanca Stock Exchange and Johannesburg Stock Exchange