NO. 23


Financial and Banking News

Loans & Issues

Rafidain Wins Second Rescheduling on 1983 Syndicated Loan

Iraq's Rafidain Bank has won a second rescheduling of the $213.75mnoutstanding from a $500mn syndicated loan signed in 1983 - and done so onidentical terms to those at which it first signed the loan seven years ago. TheRafidain loan was blighted from its very inception in mid-1982. With the mandategranted to the Paris-based Union des Banques Arabes et FranĀµaises...