AIC Issues First Ever International Exchange Listed Angola Corporate Bond

DUBLIN, December 9, 2015 /PRNewswire/ --

Angola International Capital, Ltd. which focuses on operating and managing residential, commercial and light industrial real estate in the Republic of Angola, has issued its very first international exchange listed corporate bond through its subsidiary, ADV Holding Ltd (the "Company").  Given investor interest, the Company has chosen the international bond market to raise its first public funding, in advance of a planned equity offering. The Bonds are now listed and tradable on the Irish Stock Exchange. The initial issue size is USD $30 million with a coupon of 10 per cent per annum, maturing in December 2019. 

Angola International Capital, Ltd., through its subsidiaries, owns and operates high quality residential apartment complexes, and including commercial properties in Luanda with plans to expand into the important investment areas of Soyo and Cabinda. The existing tenants are primarily large multinational professional services firms, and oil services firms, operating in Angola.  

Christopher Darnell, CEO, stated: "The Bonds and listing facilitate the company's acquisition objectives with international and local counterparties in Angola.

In addition to income-producing acquisitions, an exciting and scalable part of Angola International Capital Ltd.'s anticipated product under development is to offer middle, and lower middle class Angolan families wishing to buy their first family home, affordable monthly payment plans of up to 30 years long, through local Angolan property developers. The long-term 30-year repayment period is critical to making the monthly repayments as low and affordable as possible for the Angolan family wishing to buy their home. This long-term payment program will eventually be offered in all of Angola's provinces. Angola International Capital is excited to be providing long-term financing solutions to Angola's affordable mass housing shortage problem."

Nicholas Penn, COO of Angola International Capital, Ltd., said: "We are delighted that there has been healthy appetite from investors. We want to harness the international capital markets to help channel and deploy large-scale investment capital where it is most needed in Angola, and where it can earn attractive investment yields. We believe Angola has a bright future, and we are pleased to have brought to market the first ever international exchange listed corporate bond from an Angolan focused business."  

For further information on Africa International Capital Ltd (BSX Ticker: AICA.BH and ISE ISDN:  XS1303234212) please contact media relations: Ross Gow – +44-(0)7778755251 - ross@acuityreputation.com