NO. 6


Financial and Banking News

Loans & Issues

Credit Lyonnais and BNP Hold Key to Algerian $2bn Debt Restructuring

Algeria has won widespread support from international bankers for its plansto raise $2bn in commercial finance and then buy out its short-term debt, butprogress has been delayed while Credit Lyonnais and Banque Nationale de Paris (BNP)- the two key creditor banks - decide how they want to see the deal structured.The idea of refinancing Algeria's debt -...