LOANS AND ISSUES

Algerians Win Prestige 3/8 Margin 

Two public-sector Algerian borrowers, the Banque Nationale d'Algerie (BNA) and the Credit Populaire d'Algerie (CPA), are set to win the best terms yet for an Algerian borrower on the eurocredit market. A $500mn mandate is now reported to be on the cards for a group of 11 banks co-ordinated by Arab Banking Corporation (ABC) and Gulf International Bank (GIB) and including Bankers Trust, Bank of Tokyo, Banque Nationale de Paris,...