VOL. XXXV
NO. 40
6-JULY-1992
Financial and Banking News
Regional Banking
Yemen Reschedules $120mn L/C Facility...
The Yemen Bank for Reconstruction and Development (YBRD) is to reschedule theunpaid portion of a $120mn five-year letter of credit facility signed in 1987.The bank has made a goodwill payment covering around 60% of the outstandingdebt, and the balance will be rescheduled over three years. The banks mostclosely involved in the facility are Arab Banking Corporation (as agent), Gulf...
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