NO. 2

14 OCTOBER 1991

Financial and Banking News

Regional Financing

Citibank Hopes to Sign Algerian LNG Loan on 15 October

Arrangers Citibank hope to sign $1,413mn in loan finance for Algeria on 15October. The money will cover the non-local costs of renovating three ofAlgeria's four LNG plants (for details see MEES, 15 September). Export creditagencies are backing $1,330mn and Citibank has underwritten 50% of theremaining $83mn, which is being raised as an Eurodollar loan. Documentation,...