VOL. XLIII

No. 50

11-December-2000

ALGERIA

BNP Paribas Signs 100Mn Buyers Credit Agreement With Sonatrach

BNP Paribas signed a 100mn ($87mn) buyers credit agreement on 23 November with Algerias state-owned Sonatrach. According to a BNP Paribas statement, the credit line will allow direct financing with insurance cover from the France export credit agency Coface of the export contracts signed between Sonatrach and various French suppliers. Asked about the terms of the loan, a BNP Paribas source...