03 May 2023

Euler Hermes financing for Angolan HEP project closed

Middle East & Africa

Acting as bookrunners and initial mandated lead arrangers (IMLAs), UniCredit and Commerzbank have closed a €1.5 billion ($1.65 billion) Euler Hermes-backed facility for Angola’s Caculo Cabaca hydro-electric power (HEP) project. The official borrower is the Ministry of Finance (MoF) of...

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