NO. 46


Financial and Banking News

Regional Financing

Citibank and UBAF Arab American Sign US Exim Loans for Sonatrach

Citibank and the New York-based UBAF Arab American Bank have arranged twoloans, for $100mn each, for Algeria's state-owned Sonatrach. Both loans, whichwere signed in New York on 7 August, are backed by the US Eximbank and replacesimilar facilities which expired two months ago. The new loans are availableuntil November 1993, and have a repayment period of...