NO. 50


Financial and Banking News

Capital Markets

Citibank Starts Syndication of $1,413mn for Algerian LNG Renovation

The London office of Citibank is arranging the syndication of $1,413mn inbank finance which will fund the renovation of three of Algeria's four LNGplants. The total financing cost of the renovation will be $2,193mn, of whichexport credit facilities will total $1,330mn and a further $83mn will be raisedin a commercial Eurodollar facility. Sonatrach will...