VOL. XXXIII
NO. 23
12-MARCH-1990
Financial and Banking News
Loans & Issues
Algerian Oil Linked Loan Proceeds
An innovative oil-linked loan being arranged for Algeria's national oilcompany Sonatrach by Chase Investment Bank (MEES, 11 December 1989) has taken asignificant step forward with the announcement of a lead management group. The$100mn loan is for seven years, including four years' grace, with a 1% spreadover Libor, and went into general syndication last week with a guarantee from Banque...
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