VOL. XLIV

No. 21

21-May-2001

ALGERIA

JBIC Approves $254Mn Buyers Credit To Algeria

The Japanese Bank for International Cooperation (JBIC) announced on 11 May that it had signed a loan agreement for a buyers credit worth 31.1bn ($254mn) with Algerias state-owned oil company Sonatrach. According to a statement from JBIC, the loan will be co-financed by the Dai-Ichi Kangyo Bank (lead bank), Citibank (Tokyo Branch), ABN AMRO (Tokyo Branch), HSBC (Tokyo Branch) and the Sumitomo Mitsui Banking...