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...