VOL XXX
NO. 8
1-DECEMBER-1986
Financial andBanking News
LOANS AND ISSUES
Algeria Pays for more Money
Algeria's worsening payments situation has resulted in a furtherapproach to the international financial markets, where resistance by lenders hasforced up the cost of funds. Banque Nationale d'Algerie (BNA) is borrowing$250mn from a syndicate arranged by Union de Banques Arabes et Francaises (UBAF)and Banque Nationale de Paris (BNP). Arab Banking Corporation (ABC) is acting asMiddle East coordinator...
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