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Calyon and Standard Chartered have been mandated to advise on a US$1bn loan for Sonangol Sinopec International (SSI), a joint venture between China Sonangol in Angola and China’s Sinopec.

The two banks are considering proposals from various banks interested in taking mandated lead arranger roles for the loan. It is uncertain at this stage if the deal will be syndicated or undertaken as a club deal.

Calyon recently led a US$3bn pre-export giant for Sonangol, involving Chinese offtake, which was one of only 20 GTR Best Deals of 2005.