VOL.XXXIXNo. 6018-November-1996IRAN

Italian-LedSyndicate Arranges Financing For Iran Steel Contract The National Iranian Steel Company (NISC)and Italy's Danieli and Company on 9November signed an IR3,200bn ($1.07bn) contract to setup two hot-rolled plants in Khuzestan andEast Azerbaijan and upgrade existing steel mills. Financing for thecontract will come from a $561mn syndicatedloan, also signed on 9 November, arranged by Italy'sstate-owned Mediocredito Central and provided by a number of...