Financial and Banking News
LOANS AND SYNDICATIONS
Banque Nationale d'Algerie (BNA)/Credit Populaire d'Algerie (CPA)
The eight-year euroloan, which was increased from $500mn to $600mn, was signed in Paris on 24 January. As a result of the very satisfying general syndication which raised a further $138mn, the final commitment of each mandated bank has been cut from $41.6mn to $19.75mn and the involvement of each lead manager has been reduced from $20mn to $17.5mn. The loan,...