VOL. XXXII

NO. 22

6-MARCH-1989

Financial and Banking News

LOANS AND ISSUES

Algeria Borrows $630mn

Reflecting its status as a model patient for the International MonetaryFund's tough prescriptions, Algeria has become a bankable prospect again, andhaving recently completed a $380mn financing deal with Spain is raising a further $250mn from the euromarket. At the end of February the Spanish Governmentsigned a protocol which guaranteed $130mn worth of medium-term lines of credittied to the purchase of...