VOL. XLII

No. 11

15-March-1999

IRAN

ANZ Extends $300Mn Credit Line To Iran

Australia & New Zealand Banking Group (ANZ) has extendeda $300mn credit line to Iran to finance joint ventures between Australia andIran. A source at ANZ痴 Tehran branch told MEES that $250mn will be inthe form of a medium-term line of credit, while the remainder will be ashort-term credit-line. The line of credit was agreed during the visit of anAustralian delegation to Tehran earlier this month. The delegation included...