The Angola Capital Markets Commission published a notice stating it has received the first communication of a commercial paper issuance in the domestic market, structured as a private offer directed at institutional investors. The USD 15,000,000 issuance, equivalent in kwanzas, was fully subscribed. Etu Energias, S.A. was the issuer and Kyros – Sociedade Distribuidora de Valores Mobiliários, S.A. acted as the intermediation agent responsible for structuring and placing the offer. The Commission also clarified that, under Articles 18 and 19 of the legal regime for commercial paper, this type of private offer to institutional investors does not require prior regulatory approval.
Angola Capital Markets Commission 2025-07-11
Angola Capital Markets Commission reports first private commercial paper offer to institutional investors for USD 15 million
The Angola Capital Markets Commission announced a USD 15,000,000 commercial paper issuance in the domestic market, structured as a private offer to institutional investors. Etu Energias, S.A. issued the paper, with Kyros – Sociedade Distribuidora de Valores Mobiliários, S.A. as the intermediation agent. The Commission clarified that such private offers do not require prior regulatory approval under Articles 18 and 19 of the legal regime for commercial paper.