Sonangol, the Angolan state oil company, is launching a 75 billion kwanza (80.9 million euros) bond issue on Monday at an annual interest rate of 17.5%.

In a statement quoted by Lusa, Sonangol announced that 7,500,000 bonds will be launched to the public at a unit price of 10,000 kwanzas (10.7 euros).

According to the Angolan oil company, "this issue is part of the company's strategy to diversify its sources of financing, thus enabling it to leverage its operations and strategic investments.

"Sonangol's vision is to become a benchmark company on the African continent, committed to the sustainability and development of the country," says the Angolan oil company