The size of the new bond offering will be announced next week.
The cut in the size of the bond offering appears likely to reduce his take by about $8 million or more.
It is easy to understand why there are fewer bond offerings.
The bond offering, which began earlier this month and ended yesterday, had raised $2 billion as of last week.
On a $100 million bond offering, that comes to $700,000, split among the 8 to 12 firms.
It is the first public bond offering made by a private Algerian company.
But now the $1 billion bond offering seems likely to force the State Department's hand.
Indeed, some of the money from the bond offering was to be injected into the industrial companies.
The largest was a $68.5 million offering of serial bonds from Mississippi.
At least one of the triggers, in this case, may have been a proposed bond offering.