Sonangol mandates five for reduced tenor loan

Angola's state-run oil firm Sonangol has slashed its preferred five year tenor to two years for its new $1bn loan, as it tries to raise money from banks unable to lend at longer maturities.

  • By Michael Turner
  • 06 Nov 2013

Sonangol has mandated five banks for the deal. Standard Chartered is co-ordinator once again, after fulfilling the same role on the borrower's $2.5bn five year deal in September.

Deutsche Bank, ING, Natixis and Standard Bank were mandated as arrangers before the deal was launched last week.

The loan is expected ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%