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Angola raises funds with notes issue

Balancing previous debts and supporting the budget are the objectives of Angola’s latest bond issue, which called on advice from an international law firm and financial institutions. ....

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Republic of Angola's c. $1 Billion Financing Of The Bita Water Project – Global Legal Chronicle


Norton Rose Fulbright has advised the Ministry of Finance of the Republic of Angola on the deal.
The Republic of Angola financed the development of the Bita water production, transmission and distribution facilities and system in South Luanda. The project is being implemented by EPAL on behalf of the Ministry of Energy and Water of the Republic of Angola.
The financing is structured under two facilities co-ordinated by Standard Chartered Bank – (i) a c. $900m facility agreement with Lead Arrangers Standard Chartered Bank, BNP Paribas, CACIB, Societe Generale and Credit Suisse and partially guaranteed by the International Bank of Reconstruction and Development and partially insured by the African Trade Insurance Agency, and (ii) a c. $170m facility lead by Standard Chartered Bank which will be used to finance certain design build contracts with the support of BpiFrance Assurance Export.  ....

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