Pérez Alati represents lead arrangers in US$65 million commercial paper programme

A team of US and Argentine firms have finalised a US$65-million letter of credit-backed US commercial paper programme for Banco BI Creditanstalt SA. The deal was closed on September 4. The Argentine bank is 50 per cent owned by Bank Austria AG. Barclays Bank PLC, Miami agency, participated as letter of credit issuing bank and lead arranger, and Barclays Bank PLC, New York branch as administrative agent.