LOANS AND ISSUES

Iraq Gets £71mn ECGD-Backed Loan 

The UK's Export Credits Guarantee Department (ECGD) is covering a £71mn line of credit for the supply of equipment by British contractors to Iraq's al-Musaib thermal power station. 60% of the amount comprises cover for a subcontract to NEI Parsons for the supply of turbine generators, with the balance covering other British subcontracts. (The principal contractor is the Hyundai group.) The deal was arranged by...