French Company, Lazard Freres, Awarded US$5m Tender To Manage The Country’s Debt Portfolio.
The government has awarded a US$5 million contract to French company Lazard Freres for the provision of advisory services to the country in relation to the liability management of its debt portfolio.
Other bidders that included ABSA Bank and Barclays Bank PLC, Rothschild & Co, White Oak Advisory Ltd, Potomac and Deutch Bank have since been notified of the award of the tender to Lazard Freres.
Secretary to the Treasury Fredson Yamba stated in a statement issued last evening that Lazard Freres met all requirement under the Public Procurement Act of 2008.
Lazard Freres is one of the world’s leading financial advisory and asset management firms, and advises on mergers, acquisitions, debt restructuring and capital ventures.
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