Angolan state oil company Sociedade Nacional de Combustíveis de Angola (Sonangol, E.P.) has mandated Angolan bank Banco Angolano de Investimentos, S.A. (BAI) as its main advisor for structuring and carrying out a financial operation estimated to total US$600 million.
For this operation BAI is the co-leader of a banking syndicate along with Banco de Fomento Angola, and the syndicate also includes Banco BIC, S.A., Banco Millennium Angola, S.A., Banco de Desenvolvimento de Angola, S.A., Banco Sol, S.A., Banco Privado Atlântico, S.A., Banco Regional do Keve, S.A., Banco Comercial Angolano, S.A., and Banco de Negócios Internacional, S.A.
In August 2006 Banco Angolano de Investimentos, S.A. headed up a financing operation for Sonangol, E.P. worth 12 billion kwanzas. (macauhub)