VOL. XXXIV
NO. 45
12-AUGUST-1991
Financial and Banking News
Capital Markets
US' Prudential Securities to Offer Algerian Debt Restructuring Plan
Algeria's Banque de Developpement Local (BDL) and the US PrudentialSecurities Company have signed an agreement of intent to arrange $5bn in newcredits to enable Algeria to restructure its short-term debt. PrudentialSecurities, a subsidiary of the giant Prudential Insurance Company, said on 8August that it was studying a proposal for it to act as an advisor...
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