Angolan state oil company Sonangol announced last Friday that it would issue bonds worth 150 million dollars, "on a date to be announced in due course".

"Sonangol announces, to all interested parties, the issue of bonds in the amount, in kwanzas, equivalent to 150,000,000 USD, on a date to be informed in due course," the Angolan National Fuel Company said in a statement released on Friday.

"Among the various ways of financing its activities, the company considered this route, which allows the investor to periodically receive the interest on this bonded debt instrument, as well as the amount invested," it said.

"This financing model will leverage operations and investments based on a company with more than 46 years of experience in the oil sector, whose vision is to become a benchmark company on the African continent, always committed to the sustainability and development of the country," the statement reads.