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,...
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