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Financial and Banking News

Capital Markets

Banks Expected to Make Debt Refinancing Offer to Algeria soon

The steering group of Algeria's major commercial creditors is expected tooffer the Algerian government a debt refinancing package very soon. Meetingsbetween the banks, who are headed by Credit Lyonnais, are understood to haveprogressed well and to have reached agreement on the basic framework of thedeal, which will involve replacing Algeria's short-term debt...