VOL. XLII

No 46

15-November-1999

IRAN

Credit Agricole Arranges $370Mn Prefinancing Deal ForNIOC/NICO

Credit Agricole Indosuez, the wholesale banking arm ofCredit Agricole, has announced that it has arranged a $370mn prefinancing dealfor Naftiran Intertrade Company Ltd (NICO), a wholly-owned subsidiary of theNational Iranian Oil Company (NIOC). According to a statement issued by CreditAgricole Indosuez on 7 November, the structured deal was arranged by the banksInternational Trade and Commodity...