Financial and Banking News
LOANS AND ISSUES
Rafidain and Arabian Auto Reschedule
Rafidain Bank's request to reschedule a $500mn eurocredit which it made tocreditor banks in September last year (MEES, 13 October 1986) has been met witha rescheduling agreement to be signed at the end of March. The Rafidain dealinvolves a $71.25mn payment which it missed on 29 September 1986 and threesemi-annual repayments of $71.25mn apiece due in March and September of thisyear and in...