VOL. XXXII
NO. 19
13-FEBRUARY-1989
Financial and Banking News
LOANS AND ISSUES
Paribas Finances French Imports of Iranian Crude
Banque Paribas announced on 9 February that it arranged a $750mn syndicatedletter of credit with the National Iranian Oil Company (NIOC) in Tehran in earlyJanuary. The deal covers Iranian exports of oil to France and ensures promptpayment of receipts to NIOC. The nature of the deal, being strictly short termand cashbacked, is probably designed to avoid deepening further...
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