VOL. XLV
No 41
14-October-2002
ALGERIA
Sonatrach Signs $50Mn Loan Agreement With EDC
Sonatrach and Export Development Canada (EDC) signed a loan agreement for $50mn on 6 October to finance the purchase of goods and services from Canada. The term of the loans is between five and seven years and is repayable in between 10 and 14 installments depending on the particular contract, with rates of interest at 50 and 60 bps over Libor. This line of credit will allow our subsidiaries to finance their...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!