VOL. XLVI
No 6
10-February-2003
IRAN
HSBC Arranges $108Mn Export Credit For Irans NPC
HSBC has signed a facility agreement with National Petrochemical Company of Iran (NPC) to provide a $108mn export credit guaranteed by the Export Credits Guarantee Department (ECGD) of the UK Government. Reinsurance for part of the facility was obtained from Italian export credit agency SACE. Additional security will be provided by the assignment of various agreed offtake contracts prior to the first repayment...
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