VOL. XXXIII

NO. 10

11-December-1989

Financial and Banking News

Loans & Issues

Sonatrach Raises $223mn from Three Loans

Algeria's national oil company Sonatrach is involved in loan negotiationswhich are raising some $223mn worth of of freshly borrowed funds from foreigncommercial banks and capital markets. At the end of November Sonatrach signed a$100mn loan with Citibank of the US, while Lloyd's Bank provided it with$23.53mn, 85% of which is guaranteed by the Italian state export credit agency,...