Financial and Banking News
LOANS AND ISSUES
Iraq Seeks to Reschedule Syndicated Loan
Iraq's Rafidain Bank has asked for a$500mn syndicated loan signed in March 1983 to be rescheduled, and has not paida $71.25mn principal repayment due at the end of September. Until now RafidainBank has kept up its servicing of this loan, which had only four semiannualrepayments outstanding. The original loan was signed on 28 March 1983 after afive month gestation period. The agent...