Sonangol awaits responses on pre-funded deal

Angolan oil firm Sonangol has launched its $2.5bn loan into general syndication. The deal is entirely pre-funded by co-ordinator Standard Chartered.

  • 05 Jun 2013

“It’s going well,” said a senior loans banker.

The five year deal pays a margin of more than 300bp. Sonangol paid a margin of 350bp over Libor for its last loan, a $1.5bn five year deal that was pre-funded by Standard Chartered in June 2012.

Although Sonangol’s 2012 deal was ...

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