Incheon:Luanda Angolan Investment Bank (BAI) has achieved a significant milestone by becoming the first company from Angola to have its securities listed on an international stock exchange. This development follows the successful listing of BAI's sustainable bonds on the Luxembourg Green Exchange (LGX).
According to Angola Press News Agency, the milestone coincides with BAI's 30th anniversary and involves the 'BAI Senior Unsecured Sustainability Bond - Series A - 17% 2026-2029.' These bonds were initially issued in Angola's national currency and traded on the domestic market before their international listing.
The bonds were structured in compliance with principles set by the International Capital Market Association (ICMA), and they attracted participation from foreign investors. BAI Executive Director Irisolange Verdades highlighted that this cross-border listing reflects the growing capability of Angola's capital market to provide sustainable financing solutions that align with global standards.
Verdades emphasized that this achievement strengthens BAI's commitment to funding initiatives that have significant economic, social, and environmental impacts, ultimately contributing to a more diversified and resilient national economy. The bank continues to integrate environmental, social, and governance (ESG) factors into its operations and business management as part of its corporate strategy.
