NO. 34


Financial and Banking News

Regional Banking

...as Its Export Credits Near Completion

Banque Nationale de Paris (BNP) will soon start syndication of export creditsfor Alba worth $140mn and backed by the export credit agencies of Belgium, Italyand Holland. The Sace-backed credits, totaling $85mn and covering work to bedone by SAE Sadelmi, are closest to syndication. The Sace package originallyincluded about $20mn of Dutch export credits for work to be done by Lummus...