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Angola seeks to open local bond market to foreign investors

Angola’s Finance Minister Vera Daves de Sousa says the oil producer aims to open its $18.6 billion domestic government bond market to foreign investors to broaden its funding base and deepen local capital markets.

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6 billion domestic government bond market to foreign investors, Finance Minister Vera Daves de Sousa told Reuters, as the oil producer looks to broaden its funding base and deepen local capital markets. As part of the plan, the government is in talks to allow foreign participation in the local debt market, according to the minister.