NO. 35


Financial and Banking News

Regional Financing

Banks Bid For AT&T Performance Bond

US telecommunications giant AT&T has invited bids to arrange the $200mnperformance bond required for its $4bn contract to upgrade the Sauditelecommunications industry. This is the first financing to arise from thecontract, which involves the addition of 1.5mn telephone lines and theinstallation of a cellular network holding 200,000 lines. The US Export ImportBank is expected to...