LOANS AND ISSUES

ABC Refinancing Italian Credits 

Two credits arranged and led by Arab Banking Corporation (ABC) for Italian borrowers in recent years are being renegotiated to allow the borrowers to take advantage of the improved terms available to them in today's market. A $250mn credit for Fiat Finance Corporation which was signed in June 1981 has had $106mn of its original commitments prepaid under the terms of a $144mn refinancing which includes 18 of the 42 original banks in...