Financial and Banking News
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...