VOL. XXXVII

NO. 37

13-JUNE-1994

Financial and Banking News

Regional Banking

Lazard Sounds Out Banks On Rescheduling Algerian Bank Debt, But Deal IsFinancing Some Way Off

Paris-based Maison Lazard has started sounding out commercial banks with aview to putting together a steering committee to lead a rescheduling ofAlgeria's bank debt. However, discussions are at an early stage, and no detailednegotiations, let alone a formal agreement with the Algerian authorities, areexpected soon. Lazard has been...