Sonangol underwriting mirrors tighter market


Issue 156 - 06 Feb 2009 | 7 minute read
Financial markets appear to be taking a much tougher view of Angola’s major borrower, writes Kevin Godier. The latest commercial financing package put in for Sonangol elicited a solid response from banks when it was presented last autumn, but continuing deterioration in global financial markets means the underwriting process may not have gone as smoothly as expected. Four banks...

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