VOL. XLVI
No 42
20-October-2003
ALGERIA
ENERGY FINANCE
French Banks To Part Finance $105Mn Purchase Of Three Algerian LPG Carriers
Societe Generale/Fortis and BNP Paribas are to finance 70% of the acquisition of three liquefied petroleum gas (LPG) carriers by Algerias national oil and gas company Sonatrach for $105mn, the company announced on 11 October. The Societe Generale/Fortis pairing will finance a 12-year Japanese export credit at a cost of 1.50% (equivalent to 34 bps over Libor), while BNP...
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