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...
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