[Angola] Sonangol announces $1 billion financing agreement

Petroleum and natural gas company Sonangol has announced the signing of a US $ 1 billion financing agreement, fully subscribed by the African Export-Import Bank, Natixis, Société Générale Corporate & Investment Banking and Standard Chartered Bank, to support costs in the process of regeneration.

The financing agreement initialed by its subsidiary, Sonangol Finance Limited, with a five-year term, is intended to pay all costs associated with the loan and support operating and capital expenses associated with the core business of the company, following its Regeneration Program.

For this purpose, a trade union was launched in view of international financial institutions, according to a press release from Sonangol.

www.sonangol.co.ao